Groupon Buying LivingSocial in Daily Deal Site Consolidation

Is this good or bad? It seems that investors believe it is a bad deal and to make matters worse Groupon reported a third quarter loss of $38 million.

Maybe I am one of those people who are suffering from daily deal fatigue, having gone through periods of buying deals being offered almost daily, now as I suspect many people are thinking twice about deals, especially those that are limited time offers.

Amazon had purchased LivingSocial as part of their entry into the daily deal space, investing $200 million and pegging the value of LivingSocial at over $1 billion.

Groupon must have picked up LivingSocial for between $100 and $200 million, we should see it reported in the filings as they are released.