Groupon to sell 46 percent stake in Ticket Monster for $360 million

April 20, 2015 2:49 PM

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Groupon to sell 46 percent stake in Ticket Monster for $360 million

(Reuters) - Groupon Inc said it would sell a 46 percent stake in Ticket Monster, its South Korean e-commerce business, for $360 million amid efforts to turn itself around.

Shares of Groupon, which raised its current-quarter adjusted profit forecast and approved a new $300 million share repurchase program, rose 4.7 percent in early trading.

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