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Latest News Headlines for Groupon Inc
Also recasts guidance for first quarter and full year 2015 CHICAGO--(BUSINESS WIRE)--April 20, 2015-- Groupon announced today it has entered an agreement to sell a controlling 46 percent fully diluted stake in Ticket Monster (TMON), its South Korean e-commerce business, for $360 million, to a partnership formed by leading global investment firm KKR and Hong Kong-based Anchor Equity Partners. The investments value Ticket Monster at $782 million on a fully diluted basis, assuming a full vesting of management's 13 percent stake. At closing, Groupon will retain a fully diluted 41 percent stake in TMON.
firstname.lastname@example.org or Americas Kristi Huller, +1 212-230-9722 email@example.com Anchor Equity Partners
Collaboration between TMON's management and experienced local partners to enhance growth of South Korean e-commerce leader SEOUL, South Korea--(BUSINESS WIRE)--April 20, 2015-- Private equity investor Anchor Equity Partners and leading global investment firm KKR have signed a definitive agreement to acquire a controlling stake in leading South Korean mobile commerce company Ticket Monster Inc. ("TMON") from Groupon, Inc. (NASDAQ:GRPN).
Groupon, Inc. (Groupon) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount. Each day the Company e-mails its subscribers discounted offers for goods and services that are targeted by location and personal preferences. Consumers also access its deals directly through its Websites and mobile applications. The Company operates in two segments: North America, which represents the United States and Canada; and International, which represents the rest of its global operations. Customers purchase Groupons from the Company and redeem them with its merchants. Groupon primarily addresses the worldwide local commerce markets in the leisure, recreation, foodservice and retail sectors. In January 2014, Groupon completed the acquisition of Ticket Monster. In Jauary 2014, the Company announced the acquisition of ideeli further extending its presence in fashion and apparel. Effective June 20, 2014, Groupon Inc acquired SnapSaves.
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|EPS (TTM)||12/31/2014 | -0.11|
|P/E Ratio||12/31/2014 | --|
|Market Cap||Mid Cap | 5B|
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