LivingSocial Acquires Stake in Europe's Let's Bonus

LivingSocial has acquired a majority stake in Let’s Bonus, which operates a daily deals site in Spain, Italy, Portugal, Argentina and Mexico. With the stake, LivingSocial now offers steep discounts via email for spas, restaurants and other services in more than 170 markets, serving 16 million subscribers in 10 countries, compared to its archrival, Groupon, which serves 50 million subscribers in 40 countries. LivingSocial did not disclose how much it paid or how big of a stake it purchased. The company recently raised more than $180 million in capital from Amazon and others.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik