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Groupon Surges on Google Takeover Speculation: Chicago Mover
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Groupon Inc. surged to the highest price in three weeks on speculation that Google Inc. might consider buying the online coupon provider.
The shares advanced 23 percent to $4.69 in New York, closing at the highest price since Oct. 19. The stock pared to 77 percent its loss since an initial public offering in November of 2011.