While Groupon is not exactly known for their financial filings accuracy. This acquisition is weirder than usual. There seems to be no official press announcement instead Groupon added basically just this one line in their 20-page long 3rd quarter earnings press release:<p>"On October 24, 2016, Groupon entered into an agreement to acquire all of the outstanding shares of LivingSocial, Inc. The acquisition is expected to close by early November 2016, subject to satisfaction of customary closing conditions. The acquisition consideration is not material."<p>For those comments questioning the <i>"not material"</i> part. I agree this looks like a potential legit issue: The price paid is probably somewhere in the 8 figures. But regardless of price, Groupon is a small company that doesn't make any money (they just announced they lost $36 million last quarter alone), so even a small purchase price, not to mention LivingSocial's future expenses, can be very material.<p>But more important than a debate over acquisition details and what is "material": Groupon management have been accused in multiple different lawsuits in recent years for <i>making untrue statements or omissions of material facts</i>. And they lose/settle for millions of dollars.<p>Innocent until proven guilty but if one reads further down to management's "Outlook" section of the press release it is very odd to see LivingSocial mentioned here:<p>"Outlook: Groupon's outlook for 2016 reflects current foreign exchange rates, as well as expected marketing investments, stabilizing trends in Shopping, <i>the acquisition of LivingSocial</i>, potential disruption related to country exits...Groupon is raising its revenue guidance range...and narrowing its expected 2016 Adjusted EBITDA range to between $150mm and $165mm"<p>If something is not material then how or why is it one of 6 things listed as reflected in the company's outlook??? Why even bring it up again?<p>Things that have an effect or get reflected in a company's outlook and guidance is material. Even in the most generous definition of material this is material.<p>I am not saying Groupon needed to disclose price paid or give a full biz synergy plan. But what is LivingSocial? Is it a going concern? Is this accretive or dilutive? Asset or liability?<p>This acquisition deserves more information than was provided and should not have been labeled as "not material". The stock's AH 10% drop feels very material to investors.<p>Groupon's 3Q2016 Press Release: <a href="http://investor.groupon.com/releasedetail.cfm?releaseid=995675" rel="nofollow">http://investor.groupon.com/releasedetail.cfm?releaseid=9956...</a>