LivingSocial Goes Down Under for Its Deal of the Day
Discount-deal-a-day outfit LivingSocial is extending its presence into Australia with a $5 million investment that gives it a controlling stake in Jump On It, the country’s leading social shopping site. LivingSocial currently has more than 10 million subscribers across more than 100 markets in North America, the U.K. and Ireland. With its growth, the company says it expects to book more than $500 million in revenue in 2011.