Groupon in Talks to Sell Majority Stake in Ticket Monster

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Groupon Inc . is in talks to sell a majority stake in South Korea’s second-largest mobile commerce company, potentially making four times its investment in just over a year.

Chicago-based Groupon has been sounding out potential investors for the stake in Ticket Monster Inc. in recent weeks with discussions of valuations around US$1 billion for its fully-owned South Korean subsidiary, people with knowledge of the matter said. The price tag for Ticket Monster, which Groupon bought from LivingSocial Inc. in early 2014 for $260 million, remains in flux, they said.

 

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