Amazon.com Invests $175 Million in LivingSocial Site
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Amazon.com Inc. invested $175 million in LivingSocial.com, 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.