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To: Glenn Petersen who wrote (293)10/26/2012 11:55:20 AM
From: Sr K  Respond to of 480
 
From Note 5 to Amazon.com's 10-Q

Based on certain triggering events identified by LivingSocial during Q3 2012, including financial performance, industry conditions, and economic factors in certain geographies, LivingSocial tested its goodwill and certain long-lived assets for impairment on an interim basis, instead of its annual October 1 testing date. Although its goodwill impairment test is not complete as of the date of this filing, LivingSocial believes an impairment loss is probable and has provided to us its best estimate. Completion of this impairment test by LivingSocial may result in an adjustment to this estimate.

As of September 30, 2012, the book value of our LivingSocial investment was $94 million.