Groupon (GRPN) Announces $360M Sale of Ticket Monster Stake; Approves New $300M Common Buyback Plan

Go back to Groupon (GRPN) Announces $360M Sale of Ticket Monster Stake; Approves New $300M Common Buyback Plan

Groupon Agrees to Sell Ticket Monster Stake to KKR, Anchor; Announces New $300 Million Share Repurchase Program

April 20, 2015 8:31 AM EDT

Also recasts guidance for first quarter and full year 2015

CHICAGO--(BUSINESS WIRE)-- 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... More

Anchor Equity Partners, KKR and Management to Acquire a Controlling Stake in Groupon’s Ticket Monster

April 20, 2015 8:30 AM EDT

Collaboration between TMONs management and experienced local partners to enhance growth of South Korean e-commerce leader

SEOUL, South Korea--(BUSINESS WIRE)-- 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).

Anchor and KKR, in conjunction with TMONs management, will jointly acquire a controlling stake in TMON and will inject new capital into the company to help fund its... More