Thursday, December 2, 2010 Invests $175 Million in LivingSocial Site

Dec. 2 (Bloomberg) --By Joseph Galante Inc. invested $175 million in, a daily coupon website, to benefit from surging demand for online discounts on products and services.

Venture capital firm Lightspeed Venture Partners invested $8 million in the site, which will use the funds to expand globally, Washington-based LivingSocial said today in a statement.
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