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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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