Amazon.com invests in LivingSocial

Amazon.com invests in LivingSocial

LivingSocial has received a solid investment from the US based online shopping giant Amazon.

This news is pretty significant because of the strong rumors in the market that Google is acquiring Groupon.

Both Groupon and LivingSocial cater to the same segment of the market. Group purchasing at a discounted pricing.

The acquisition of Group could cost Google as much as USD 5 billion if we are to believe market reports.

Amazon has invested around $175 million in LivingSocial. Seems like a good investment.

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