LivingSocial, En Francais, with Dealissime Deal

LivingSocial, one of the leading U.S. online daily deals operations, expanded into Europe with the acquisition of French daily deal site Dealissime.com. The transaction brings to 13 the number of countries in which LivingSocial operates. Specifics of the transaction were not publicized. Among LivingSocial’s backers are Grotech Ventures, Steve Case, US Venture Partners, Lightspeed Venture Partners and T. Rowe Price.

PRESS RELEASE:

WASHINGTON, June 1, 2011 — LivingSocial, the online source for handpicked experiences at a great value, today announced expansion in Europe, with the acquisition of French daily deal site Dealissime.com. The acquisition brings the total number of countries in which LivingSocial now operates to 13.
Launched in April 2010 by Lara Royres and Tatiana Jama, Dealissime has quickly become a leading group-buying site in France. Like LivingSocial, Dealissime was founded on the principle of partnering with high-quality local and national merchants. The site is currently live in Paris, Marseille and Lyon and will soon be launched in Lille and Bordeaux. On March 1, the company launched Dealissime enfants, which offers members access to family-friendly deals.
“LivingSocial looks for companies that have similar values and ways of working,” said Tim O’Shaughnessy, CEO and co-founder, LivingSocial. “The team at Dealissime shares our drive to change the face of local commerce by working directly with merchants to craft handpicked deals that entice, surprise and delight our members. The addition of Dealissime is one of the next steps in our aim to offer great value to merchants and customers worldwide.”
Dealissime users will enjoy the same deal-buying experience to which they are accustomed. In addition, the current team at Dealissime will remain in place.
“Dealissime members have experienced some of the very best that Paris, Marseille and Lyon have to offer at an incredible value,” said Tatiana Jama, co-founder, Dealissime. “We are very enthusiastic about this strategic move and confident in LivingSocial’s ability to offer the same level of high-quality deals, customer service and to help us to accelerate our expansion in France.”
In April, LivingSocial also acquired SocialMedia.com, a leader in online display advertising. The strategic move will help fuel LivingSocial’s burgeoning member base both domestically and internationally.
Terms of the deals are not being disclosed.