Science News Headlines | Latest Science News Articles – Yahoo! India News: LivingSocial raising $400 million

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LivingSocial raising $400 million Dec 7th 2011, 22:21 SAN FRANCISCO (Reuters) - LivingSocial is raising $400 million in a deal that doubles the valuation of the daily deals service from its last fundraising round in April, according to a person familiar with the matter. LivingSocial, the second-largest daily deal company in the U.S. behind Groupon Inc, disclosed the new fundraising round in a filing with the Securities and Exchange Commission on Wednesday. According to the filing, LivingSocial has raised $176 million, with plans to raise $400 million in total. ...

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Posted in: the latest technology news in 2011