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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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus