It's independent of LivingSocial but is aggregating deals from other companies (at the bottom of the deal it says with which company, in this case it's LS).

I'm guessing it is going to mix it up by offering deals from other services, whilst it builds up momentum to offer its own.

Judging by the fact that Boise, ID is their only market right now, and the deals on both sites for Boise are different, I'd say it's independent of livingsocial