Google is working on a deal-of-the-day service called Google Offers that would rival existing websites like Groupon and LivingSocial.

The group buying service would offer consumers large discounts on products and services purchased within a particular time limit if enough people signed up for the deal.

The news first appeared on technology website Mashable who released details of the confidential fact sheet they received "straight from the Googleplex."

According to Mashable, the fact sheet reads, "Google Offers is a new product to help potential customers and clientele find great deals in their area through a daily email."

"Google is actively reaching out to businesses now to get them on board with Offers," says Mashable, "It even apparently has a writing team in place to craft the write-up for offers."

Google confirmed the rumors in an January 21 email to Relaxnews, saying the company is currently testing an offers/voucher program.

"Google is communicating with small businesses to enlist their support and participation in a test of a pre-paid offers/vouchers program," said the Google spokesperson. "This  initiative is part of an ongoing effort at Google to make new products, such as the recent Offer Ads beta, that connect businesses with customers in new ways. We do not have more details to share at this time, but will keep you posted."  

Google recently tried to buy Groupon for $6 billion, however Groupon rejected the offer.