Grotech Ventures has offloaded some of its holding in LivingSocial for over $200 million, Business Journal reports. The stake was sold to investors through a series of private transactions. The Vienna-based venture capital firm did not use secondary markets for its stake sale. The group of buyers included at least one hedge fund. LivingSocial was valued at more than $3 billion after it recently secured $400 million financing from Institutional Venture Partners, Amazon, T Rowe Price and other investors.
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