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

Asset Sale, Buyback are Positive for Groupon (GRPN), but L-T Outlook Remains Foggy - RBC Capital

April 20, 2015 12:39 PM EDT

RBC Capital affirmed Groupon, Inc. (Nasdaq: GRPN) at Sector Perform with a price target of $8 following news that the company would sell its TMON stake for $360 million and that it approved at $300 million buyback plan.

Analyst Mark S. Mahaney commented, Although... More