LivingSocial Acquires Online Weekend Trip Planner Urban Escapes

LivingSocial is a company that was big on developing social Facebook applications. After seeing some success there, they turned their attention to group coupon deals. And they have just acquired a company related to planning group trips called Urban Escapes. Through the acquisition, LivingSocial will now be able to offer weekend excursions to people who sign up through LivingSocial’s daily deals. LivingSocial earns revenues in the 7 figures and employs about 35 people. LivingSocial currently offers daily deals in 100 cities. [paidContent]

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