Coupon Website Seeks Funds
LivingSocial Inc., a website offering daily coupons, is in active talks with investors to raise around $500 million to help fuel its expansion and keep up with rival Groupon Inc., according to people familiar with the matter.
The move comes just three months after LivingSocial said it had raised $175 million from Amazon.com Inc. It isn’t clear what valuation LivingSocial is seeking or which investors are involved in the talks, but one person familiar with the matter said the company would like to raise $100 million from handful of marquee investors.
A spokeswoman for LivingSocial declined to comment.