The rumors are true! Amazon and daily deals site LivingSocial have just officially confirmed their partnership, with the e-tailer investing a whopping $175 million in the latter. This comes at an interesting time for both companies, amidst even more rumors that competitors Google and Groupon will hook up to the tune of 5 billion.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/TCLGyF5tjrk/
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