Deals firm Living Social says no plans for IPO

Living Social, the number two US online deals firm, indicated Wednesday it had no immediate plans for an initial public offering, saying it had sufficient funds to expand its operations.

LivingSocial seeks $400 million in funding

(AP) -- LivingSocial, the No. 2 online deals site behind Groupon, plans to raise $400 million in a private offering that will likely give it a cushion to put off an initial public offering.