Groupon to sell 46% stake in Ticket Monster for $360-million Add to ...

April 20, 2015 1:32 PM

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Groupon Inc. said it would sell a 46 per cent stake in Ticket Monster, its South Korean e-commerce business, for $360-million (U.S.) 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 per cent in early trading.

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