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PayPal Launching Mobile Daily Deals Service to Battle Groupon and LivingSocial

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PayPal, owned by eBay, is going head to head with Groupon and LivingSocial by unveiling a plan to offer coupons to its massive base of 103 million users.  With Groupon recently having gone public and hovering a little under it’s IPO price of $25 and holding a market cap of $15B, investors see the daily deals market as a potentially lucrative one.  So it’s no surprise that PayPal wants to get in the game.

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