LivingSocial is talking to investors to raise between $400 million and $500 million in additional funding, according to a report in the Wall Street Journal.
The company got a $175 million investment from Amazon in December, but is apparently looking for more to stay within striking range of its number-one competitor, Groupon. The Journal reports it would like to get a couple big investments -- think $100 million-plus -- from some big-name "marquee" investors.
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