LivingSocial is planning to pull out of the Middle East just one year after entering the market through the acquisition of a homegrown player.
The daily deals giant, based in the United States and one of the world's largest after Groupon, is considering selling its business in the region amid intense competition from rival sites.
LivingSocial is looking to sell its subscriber base in the UAE, Egypt and Lebanon, according to sources with knowledge of the negotiations who wished to remain anonymous.
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