LivingSocial recently issued stock worth $29.4 million in relation to one or more acquisitions, according to two new SEC filings. The filings show that LivingSocial issued equity valued at $24.6 million and $4.8 million on June 21 and June 22nd, respectively.
The filing indicates that the offering is “in connection with a business combination transaction, such as a merger, acquisition or exchange offer.”
Just a few days later, LivingSocial announced the acquisitions of international daily deal sites Ensogo (in Thailand and the Philiipines), its subsidiary DealKreken (Indonesia) and GoNabit (which operates in the Middle East). No price was announced at the time.
I’ve confirmed with LivingSocial that these filings are related to the international acquisitions. But note that the SEC only requires companies to file the amount of stock issued. If the deals were a combination of cash and stock, LivingSocial could have paid more.