LivingSocial CEO Tim O'Shaughnessy refutes a PrivCo report claiming the #2 daily deals vendor's...
LivingSocial CEO Tim O'Shaughnessy refutes a PrivCo report claiming the #2 daily deals vendor's latest funding round featured "oppressive terms." He claims the deal involves a ~$1.5B valuation (that suggests AMZN's stake is worth around $450M) and doesn't require 10%+ dividend payments, and its liquidation preference is "nowhere near 4x." However, PrivCo's CEO stands by his firm's report, and calls O'Shaughnessy's comments misleading. GRPN +3%.
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