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Amazon invests $175 million in Groupon rival LivingSocial

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 […]

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