UPDATE 1-Groupon to sell 46 pct stake in Ticket Monster for $360 mln

April 20, 2015 2:00 PM

62 0

April 20 (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.

Also read: Miner Grupo Mexico blames freight train derailments on 'sabotage'

Read more

To category page