Today, LivingSocial — the No. 2 player in the rapidly expanding market
for online discounts — is still David battling Goliath. But the great
chasm between the companies is narrowing, as the upstart gains more
subscribers and collects more cash. Less than four months after
landing a $175 million investment from the e-commerce giant Amazon,
LivingSocial last week raised an additional $400 million from existing
investors like Amazon and Lightspeed Venture Partners, and several new
ones including T. Rowe Price and Institutional Venture Partners,
according to two people close to the company who spoke on the
condition of anonymity. The deal values LivingSocial at more than $3
billion. http://dealbook.nytimes.com/2011/04/04/livingsocial-chief-races-to-escape-sha...
for online discounts — is still David battling Goliath. But the great
chasm between the companies is narrowing, as the upstart gains more
subscribers and collects more cash. Less than four months after
landing a $175 million investment from the e-commerce giant Amazon,
LivingSocial last week raised an additional $400 million from existing
investors like Amazon and Lightspeed Venture Partners, and several new
ones including T. Rowe Price and Institutional Venture Partners,
according to two people close to the company who spoke on the
condition of anonymity. The deal values LivingSocial at more than $3
billion. http://dealbook.nytimes.com/2011/04/04/livingsocial-chief-races-to-escape-sha...
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