LivingSocial raises $400 million for expansion: report (Reuters)
(Reuters) – LivingSocial, the U.S. online voucher seller, has upraised $400 million to money expansion and ready up with large competitor Groupon Inc, the Wall Street Journal reported, citing grouping old with the situation.
The assets round, led by current investors Amazon and Lightspeed Venture Partners, and new ones same Institutional Venture Partners, valued the company at most $3 billion, WSJ said.
LivingSocial was not acquirable for comment.
(Reporting by Megha Mandavia; Editing by Dan Lalor)
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