LivingSocial Discloses $143 Million in Recent Acquisitions

LivingSocial, the second-largest daily deals operator in the U.S., has disclosed that it spent $143 million on recent acquisitions. According to a filing with the SEC, the offering was made in connection to a “business combination transaction, such as a merger, acquisition or exchange offer.” The bulk of the offering, which was likely a combination of cash and stock, is from the recent acquisition of South Korea’s Ticket Monster.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald