Amazon invests $175 million in Groupon rival LivingSocial
Zak Stambor
While analysts await confirmation of rumors that Google Inc. will acquire Groupon, the daily deal site’s principal rival LivingSocial announced yesterday that it secured a $175 million investment from Amazon.com Inc. LivingSocial also announced it raised $8 million from venture capital firm Lightspeed Venture Partners. LivingSocial says it generates revenue of more than $1 million […]