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Equity-Method Investments (Tables)
6 Months Ended
Jun. 30, 2013
Equity Method Investments Summarized Financial Information

LivingSocial’s summarized condensed financial information, as provided to us by LivingSocial, is as follows (in millions):

 

      Six Months Ended
June 30,
 
     2013     2012  

Statement of Operations:

    

Revenue

   $ 264      $ 248   

Operating expense

     342        425   
  

 

 

   

 

 

 

Operating loss

     (78     (177

Net income (loss) (1)

   $ (81   $ 65   

 

(1) The difference between the operating loss and net income for the six months ended June 30, 2012 is primarily due to non-operating, non-cash gains on previously held equity positions in companies that LivingSocial acquired during Q1 2012.