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Groupon announced yesterday that it will acquire one-time rival LivingSocial. The Chicago-based e-commerce marketplace didn't disclose the price it paid for a shrunken LivingSocial, but said, "the acquisition consideration is not material." Groupon expects the deal to close in November. LivingSocial said last month it was laying off half its employees, bringing its headcount to about 200. At its peak, it employed more than 4,000.
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Taylor Knight
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Taylor Knight is an associate content editor for Target Marketing and Total Retail. She enjoys writing and creating video content to interact with an audience.
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