Staggering haul for Groupon rival – bringing total to more than $600m.
The new round values the company at about $3 billion, say sources, and proves that the social shopping/discount services space is about as hot as hot gets in investment circles.
LivingSocial has 26 million members in more than 250 countries and is on target to turn over $1 billion this year.
Unusually for a new media darling, it's profitable.
Despite this, it's still much smaller than its big rival, Groupon, which has 70 million users and generated more than $760 million in 2010.
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