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October 7, 2011 06:14 pm GMT
LivingSocial is busily expanding its daily deal footprint both in the U.S. and abroad. According to a new SEC filing, LivingSocial issued $143 million in stock as part of a "business combination transaction, such as a merger, acquisition or exchange offer."While the filing does not specify the acquisition or acquisitions in question, the most likely candidate is LivingSocial's acquisition of TicketMonster in Korea, which was agreed to in August. TicketMonster is a daily deals site with 2 million members in Korea and Malaysia. It employs 600 people, who now work for LivingSocial.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/dITqLp-6S38/
LivingSocial Issues $143 Million In Stock For TicketMonster Deal
LivingSocial is busily expanding its daily deal footprint both in the U.S. and abroad. According to a new SEC filing, LivingSocial issued $143 million in stock as part of a "business combination transaction, such as a merger, acquisition or exchange offer."While the filing does not specify the acquisition or acquisitions in question, the most likely candidate is LivingSocial's acquisition of TicketMonster in Korea, which was agreed to in August. TicketMonster is a daily deals site with 2 million members in Korea and Malaysia. It employs 600 people, who now work for LivingSocial.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/dITqLp-6S38/
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