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One-on-One With LivingSocial CEO

Wednesday, 8 Dec 2010 | 1:21 PM ET

Group discount companies are hotter than ever, with the largest player, Groupon, turning down a $6B offer from Google. Tim O'Shaughnessy, CEO and co-founder of LivingSocial, talks to CNBC about his company and its $175M investment from Amazon.