Oct 26 2016
Groupon Buying LivingSocial in Daily Deal Site Consolidation
 

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.

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