Groupon Inc (GRPN) may sell its stake in Ticket Monster Inc.
Groupon Inc (NASDAQ:GRPN) is reportedly in talks to sell a majority stake it has in South Korean mobile e-commerce company Ticket Monster Inc., according to Reuters. Groupon bought Ticket Monster for $260 million in November 2013. It is rumored that Groupon wants to sell Ticket Monster at a valuation of $1 billion. Daniel Shin, the founder and CEO of Ticket Monster, would likely continue running the company with private equity backing. The deal is expected to be done by the end of March.