A screenshot of Groupon's "American Idol" ad. (CNET)

Chicago-based daily deal site Groupon is going after buyers willing to spend hundreds or even thousands of dollars on travel and luxury goods, Bloomberg News reports. Groupon’s rival, Washington, D.C.-based LivingSocial, has already moved into the upscale offer arena — last month, it offered a $10,000 coupon for a penthouse-suite package at the Fairmont hotel in San Francisco.

By moving into pricier deals, the sites are trying to reach a broader demographic, Bloomberg writes. Groupon alone has more than 60 million subscribers in 42 countries, with ages ranging from 25 to 50, and many living in the suburbs. Get the full story »