Groupon Inks Deal to Buy Daily-Deals Competitor LivingSocial

Chicago Business Journal: Groupon has agreed to buy LivingSocial, its main competitor in the daily-deals industry. Chicago-based Groupon said in its third-quarter earnings report that it entered into the agreement with Washington, D.C.-based LivingSocial on Monday. Groupon did not disclose the value of the deal but said, “The acquisition consideration is not material.”