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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue