LivingSocial, the second-largest site devoted to daily coupons, is close to raising as much as $400 million in funding, reports Bloomberg. That would value the company at more than $2 billion, sources
say. LivingSocial would use the new funding in its effort to narrow Groupons lead in the daily-deal market, which consulting firm BIA/Kelsey predicts will surge to $3.93 billion by 2015.