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Groupon Acquires Livingsocial

grouponlivingsocialarticleGroupon has entered into agreement to acquire Livingsocial. Here's the text of the announcment from the Livingsocial site:

"WASHINGTON, OCTOBER 26th 2016 – LivingSocial today announced that the company has entered into an agreement to be acquired by Groupon. The terms of the transaction are not disclosed and the company expects the transaction to close by early November 2016. This brings together the two pioneering companies in the local space to help merchants grow their business and consumers get great value on local services and activities. There will be no change at this point with respect to how consumers and merchants engage with the LivingSocial brand, and the company will remain focused on providing even better experiences to its users as part of the Groupon family in the future."


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