Thursday, December 2, 2010

Amazon.com Puts $175M Into LivingSocial

Amazon.com has invested $175M in LivingSocial, an online daily deals and events site based in Washington, D.C. LivingSocial said that the investment came alongside an $8M investment from LightSpeed Venture Partners. LivingSocial offers up deals on restaurants, spas, sporting events, hotels and local attractions in major cities, and competes with group deals site Groupon.