Groupon to sell 46% stake in Ticket Monster for US$360m

Published Mon, Apr 20, 2015 · 01:21 PM

[NEW YORK] Groupon Inc said it would sell a 46 per cent stake in Ticket Monster, its South Korean e-commerce business, to a partnership formed by KKR and Hong Kong-based Anchor Equity Partners for US$360 million.

Groupon, which will retain a 41 per cent stake in Ticket Monster after the deal closes, also approved a new US$300 million share repurchase program.

REUTERS

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Companies & Markets

Groupon to sell 46% stake in Ticket Monster for US$360m

Consumer & Healthcare

Sony deal for Paramount would draw added regulatory scrutiny

Lululemon to shutter Washington distribution center, lay off 128 employees

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

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