Tag Archives: LivingSocial
LivingSocial Announces Take-Out and Delivery Service
Daily deals coupon website LivingSocial has announced an Internet food-ordering service. Through LivingSocial, customers will be able to order all kinds of food from participating restaurants over the Internet. The service is called “Takeout & Delivery,” which offers real-time discounts with certain constraints. LivingSocial said that this service was a testing ground for their new food-focused offering.
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Categories LivingSocial
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LivingSocial Lost $558 Million In 2011
LivingSocial, the daily deals service that competes head-on with Groupon, has lost $558 million 2011 according to Amazon.com’s 10-K filing with the SEC. Revenues in 2011 hit $245 million. Amazon owns a large stake in LivingSocial so they have to report on the company’s financials given that it is an “equity method investment.”
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LivingSocial Raises $176 Million In Private Offering
LivingSocial has raised $176 million in a private offering according to an SEC filing. Investors in this round include Amazon.com, U.S. Venture Partners, and Steve Case’s Revolution Ventures. Code Advisors and JP Morgan oversaw the deal and made $5 million in the process. LivingSocial offered $400 million worth of stock and sold a portion of it. About $224 million of stock still available. The final $224 million is expected to be bought in the next several weeks or months. This round of funding will be used for operations and expansion such as setting up a new company headquarters. [BusinessInsider]
LivingSocial Testing Out A Monthly Subscription Service Called LivingSocial Plus
For those of you that spend a lot of money on daily deals from LivingSocial, this may be of some interest to you. LivingSocial is testing out a new subscription service called LivingSocial Plus. LivingSocial Plus is a $20 per month service where users would be credit $25 in Deal Bucks every month which would be automatically applied to the next purchase.
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Categories LivingSocial, LivingSocial Plus
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LivingSocial Expected To Announce $200 Million Investment This Week
This past September, I wrote about how LivingSocial was expected to raise $200 million in funding instead of going the IPO route for now. This week the company is expected to confirm the investment as provided by JP Morgan Asset Management, Amazon.com, and T.Rowe Price. This would put LivingSocial’s valuation at between $5 and $6 billion. LivingSocial is also expected to receive a $100 million revolving credit facility from JP Morgan that would allow them to draw funds without singing for a loan each time. [NYT]
LivingSocial Considers Raising $200 Million Instead Of Having An IPO
LivingSocial is considering to raise $200 million in funding at a valuation of $6 billion instead of pursuing an initial public offering. The new round of funding may be in equity and debt said sources with Bloomberg. JPMorgan Chase & Co. is acting as an adviser in the funding round.
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The Debt Crisis Puts Future Tech IPOs In A Turbulent Market
Some of the technology companies that have filed to have an IPO this year includes Zillow.com, Zynga, Groupon, and LivingSocial. Given Pandora and LinkedIn’s success on their recent IPO, it provided positivity and excitement for the aforementioned companies to go public. However today’s economy gives the stock market an entirely different perspective.
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Categories Groupon, LinkedIn, LivingSocial, Pandora, Zillow, Zynga
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LivingSocial Acquiring Korean Deal Company TicketMonster
Daily deals website LivingSocial has announced an agreement to acquire TicketMonster Inc., which is a leading social commerce website in South Korea.
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Categories LivingSocial, TicketMonster Inc., Tim O'Shaughnessy
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Foursquare Making Deals with Daily Deals Companies
Foursquare has found a way to turn their gigantic userbase into real profit, partnering with companies like LivingSocial and Gilt Group to market local deals within the app. The Wall Street Journal reports that Foursquare is also in talks with Groupon for a similar arrangement. The move sounds genius, if it’s done right. Wouldn’t it be nice to check into your hotel on Foursquare and see an ad for a Groupon for a nearby restaurant?
Categories AT&T Inc., BuyWithMe, Foursquare, Gilt Groupe Inc., Groupon, LivingSocial, Zozi
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Groupon Vice Chairman Ted Leonsis May Have Conflict Of Interest
Ted Leonsis is a former AOL executive that owns the NBA Washington Wizards. Leonsis is currently a Vice Chairman at Groupon Inc., but he is also an investor in competitor LivingSocial. Leonsis also has ties to LivingSocial’s board of directors. This could be a major conflict of interest.
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Categories Groupon, Groupon.com, LivingSocial, Ted Leonsis
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