LivingSocial authorizes a $565M funding round

Group discount site LivingSocial has authorized the sale of shares to raise up to $565 million in its fifth round of funding, according to a state filing discovered by VCExperts.com.

Report: Google offered $5.3B for daily deal site Groupon

Hot off the heels of an oft-criticized $700 million acquisition of flight-data provider ITA, search giant Google might now end up purchasing daily-deal provider Groupon for $5.3 billion, according to a report by AllThingsD. That comes just after reports of a buyout of the site for a mere $2.5 billion — less than half of what the latest reports indicate.