Facebook (NASDAQ:FB) and Groupon (NASDAQ:GRPN) each were buyout targets before their IPOs and each turned down the offer. In this video, Fool Jeremy Phillips reviews these buyout bids, what happened to the companies after their IPOs, and the keys to their successes or failures. In particular, he examines the role of each company's CEO in its fate.

Austin Smith and Jeremy Phillips own shares of Apple. The Motley Fool recommends and owns shares of Apple, Facebook, and Tesla Motors . Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.