LivingSocial is a US based group buying company that bought a stake in local group-buying site Jump On It for a reported $US5 million in November 2010.
Like Groupon, Living Social in was of the major players in the group-buying market worldwide.
Originally founded as Hungry Machine in 2007 by 5 employees the company create the PickYourFive Facebook application and eventually because the leading developer of Facebook applications based on number of page views.
LivingSocial went on to launch a daily deals service in 2009 and has become the company's most profitable venture so far.
Recently LivingSocial collected $400 million in funding, with investors valuing the company at $3 billion. Worldwide the company sells $1 million worth of coupons and is projected to take in over $500 million in 2011.