Photo: Business Insider / Matthew Lynley
Yahoo has to acquire $5 billion worth of operating businesses as a part of the of its Asian assets.Because of that, we’ve heard some speculation that Yahoo could end up owning LivingSocial, the number two to Groupon in the group-buying space.
We asked a source familiar with Yahoo’s M&A strategy if this will happen.
The answer: “[LivingSocial] lost $600 million last year. Ah, no.”