Wednesday, July 6, 2011

LivingSocial Pays Up $29.4 Million In Stock For Recent International Acquisitions

LivingSocial recently issued stock worth $29.4 million in relation to one or more acquisitions, according to two new SEC filings. The filings show that LivingSocial issued equity valued at $24.6 million and $4.8 million on June 21 and June 22nd, respectively. Just a few days later, LivingSocial announced the acquisitions of international daily deal sites Ensogo (in Thailand and the Philiipines), its subsidiary DealKreken (Indonesia) and GoNabit (which operates in the Middle East).

Source: http://feedproxy.google.com/~r/Techcrunch/~3/VstkeGTtANQ/

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