Social commerce startup LivingSocial this morning announced that it has acquired a majority stake in Europe's Let?s Bonus (which sounds an awful lot like "let's bone us", but I digress). The partnership brings LivingSocial operations to a total of ten countries, with the addition of Let?s Bonus? Spain, Italy, Portugal, Argentina and Mexico presences. Terms of the deal were not disclosed. LivingSocial says it now boasts more than 16 million subscribers, is live in more than 170 markets, and is projected to book in excess of $500 million in revenue in 2011. 
Nicole Scherzinger Jill Arrington Tami Donaldson Padma Lakshmi Sarah Mutch
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