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

[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