deal

LivingSocial balks at IPO, raising funds instead, report says

Daily-deals provider LivingSocial has decided against an initial public offering for now.

Rather than test the IPO market, LivingSocial's management has decided to raise $400 million in funding, based on a $6 billion valuation. According to a Securities and Exchange Commission filing outlining its plans, LivingSocial has already raised $176 million of the sum.

Bloomberg, which was first to report on the funding yesterday, cited sources who claimed the entire amount will come in the form of both equity and debt.

Back in June, LivingSocial was rumored to be eying a $1 billion IPO, based on a valuation of … Read more

How to resell unwanted Groupon coupons

Those helicopter-pilot lessons probably sounded like a good idea at the time, but now you're thinking you'd rather stay on the ground and put that $50 back in your pocket.

Call it coupon remorse, that feeling you get after buying the daily deal from Groupon, LivingSocial, or any of their countless competitors. Either you no longer want the deal, or you can't take advantage of it for some reason. (The school play is the same night as those Cirque du Soleil tickets? Damn!)

Fortunately, several sites now offer you the chance to get some or all of … Read more

Tune in: CNET Holiday Help Desk talks laptops, Amazon sales

Need laptop advice? Want to find out the inside scoop on Amazon's deals leading into the holidays? We're here to help--live.

Tune in to the CNET Holiday Help Desk today and every Monday until Dec. 19 at noon Pacific, 3 p.m. Eastern at CNET Live.

Today's show is the third of five weekly call-in shows designed to help answer your holiday tech shopping questions. This week, Dan Ackerman helps make sense of the sea of laptop deals that have been enticing buyers since Black Friday. After all, you don't want to pick the wrong one, … Read more

Move an old PC to your new one - save 83%

Got a new PC on Black Friday or Cyber Monday and want to set up your new PC to have the same settings and personality as your old PC? With PCmover Express, you can move up to three of your favorite programs along with your files and settings from your old PC to your new PC in matter of a few clicks. PC Mover Express lets you transfer files and programs to a new computer so it will have the same personality and functionality as your old PC. It's the easiest way to move into a new machine without … Read more

Sprint rescues Clearwire with up to $1.6B in funding, revenues

Clearwire made good on a $237 million interest payment due today and announced it has finalized a funding and resale agreement with Sprint Nextel worth up to $1.6 billion to keep the company afloat.

For months, Clearwire's future has been anything but clear as the company scrambled to line up cash to fund daily operations and finish a nationwide 4G wireless network. Last month, the company said it might miss its scheduled debt payment due to its tight financial situation. It had been unclear whether Sprint, Clearwire's largest investor and also its biggest wholesale customer, would bail … Read more

Would you please pass the funding?

Just when it seems that the romantic era of garage-based startups is over, along comes San Francisco, Calif.-based Frugalo, a startup keeping the dream of having a home-based company alive.

"We are sitting in the dining room right now, drinking tea and eating toast," said Frugalo founder Michael Cieri, who sits across from the other founder, Scott Reynolds. They are working to get today's product launch up and running. A whiteboard with launch steps looms on the wall over their heads.

"We're going down the whiteboard to-do list and crossing things off," Cieri … Read more

Groupon shares fall off a cliff, down 42 percent since IPO

When Groupon went public earlier this month at $20 per share, the daily-deals provider saw its stock soar. But now, Groupon has become a losing proposition for its shareholders.

The company's shares yesterday dropped 9.01 percent, or $1.51, to settle at $15.24. That's despite the fact that Nasdaq was up 3.5 percent yesterday.

Since Groupon went public, the company's stock has declined 41.63 percent, and by the look of things, the drop could continue until shareholders start to see some positive financial news come out of the company.

The issue is, Groupon … Read more

Kobo Touch $69.99 at Buy.com today

It was Barnes & Noble's turn on Black Friday. Now it's Kobo's turn on Cyber Monday.

Last week, Barnes & Noble offered up a limited edition of the Nook Simple Touch for $79. Now Kobo's teamed up with Buy.com to sell the new ad-supported Kobo Touch With Offers for $69.99 in a one-day sale.

That's a $30 price cut and a good deal on a solid touch-screen e-reader. (Read our full review here).

Like the Kindle Touch With Special Offers, the Kobo Touch With Offers features an advertisement just at the bottom of … Read more

Got a new PC? Get a perfect starter kit - now 83% off

Just in time for the holidays, CNET has partnered with top consumer software publishers to offer an exclusive bundle of six products worth $177.88 for just $30! That's a 83% discount on the leading anti-virus, system care, PDF creator, compression and remote access software.

This great software bundle lets you protect your computer, create and compress documents, and stream media content from your computer to any connected device!

The New PC starter-kit bundle includes the following six software:

Avira Antivirus Premium 2012 - Protect your computer against viruses, malware, adware, spyware, and phishing: reg.$29.99 Smith Micro … Read more