LivingSocial Southeast Asia Sold to iBuy Group

April 3, 2014 (Thu): LivingSocial announced that it has sold its businesses in Southeast Asia to iBuy Group for US$18.5 million in cash, Fort Mill Times reports.

“This sale will help us further our innovation investment, product development, and marketing in the U.S. and other regions in which we operate to best serve our merchant partners and consumers,” said John Bax, CFO of LivingSocial.

Author: VSDaily Editor

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