Amazon to invest $175 million in LivingSocial
LivingSocial will use the massive cash infusion to expand to more countries.
The site is currently available in the U.S., Canada, the U.K., Ireland and Australia. For those nations, the deals are available in 120 different cities.
LivingSocial says it is expanding at a rate of just under one new city per day. The site has 10 million users.
Rival Groupon is available in 300 cities and has 35 million worldwide users.