M&A News: Groupon buys LivingSocial

This was a Groupon special but only available to Groupon the company 🙂 They have purchased competing social deals website LivingSocial for an unspecified low price. Another social deals site goes down, Amazon folded its own AmazonLocal, while NewEgg’s “NewEgg Flash” continues but it’s semi-integrated into the main NewEgg site now. Details and discussion of the acquisition via Techmeme.