LivingSocial Acquires Socialmedia.com
Local Commerce Expert Bolsters Member Base with Addition of Digital Advertising Leader

Washington, DC, April 25, 2011
LivingSocial, the online source for handpicked experiences at a great value, today announced it has acquired Socialmedia.com, a leader in online display advertising. The strategic move will help fuel LivingSocial’s burgeoning member base both domestically and internationally.

Membership growth is vital for the continued success and growth of LivingSocial. The addition of the Socialmedia.com technology and team will allow us to develop unique products and winning campaigns to turbocharge our user acquisition efforts.”

Eddie Frederick
president and co-founder, LivingSocial