Groupon (GRPN -4.1%) slides after top rival LivingSocial states it has raised $110M in a new...

|By:, SA News Editor

Groupon (GRPN -4.1%) slides after top rival LivingSocial states it has raised $110M in a new funding round, guaranteeing its near-term survival. Amazon (AMZN), which has a 29% stake in LivingSocial, disclosed in its 2012 10-K LivingSocial posted revenue of $536M (+114% Y/Y) and a net loss of $71M (exc. a $579M impairment charge) last year. Amazon valued its stake (the subject of a major write-down) at $52M, which implies a $179M valuation for the entire company. (previous)