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LivingSocial Deal Will Make It a Groupon Stockholder



In a deal that brings together two rivals in the daily deals space, Groupon has purchased LivingSocial unit TicketMonster for $260 million.

Groupon announced the deal in a press release reporting its third-quarter results. The company is paying about $100 million in cash plus $160 million in Class A common stock

“Ticket Monster is a great fit for Groupon,” Groupon CEO Eric Lefkofsky said in the release. “The team shares our vision, already leveraging a truly mobile marketplace as well as one that has little reliance on email. TicketMonster is one of Korea’s most recognized and trusted brands, and we’re thrilled to have them join the family.” Read more…

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