GRPN Stock Sneaks Higher As Ticket Monster Deal Closes

GRPN stock is up more than 2% on Friday


Groupon (GRPN) has purchased Ticket Monster as GRPN stock posted gains on Friday.

groupon 300x150 GRPN Stock Sneaks Higher As Ticket Monster Deal ClosesThe company’s acquisition of the Korean ticket and e-commerce company Ticket Monster is worth about $260 million. Groupon acquired Ticket Monster from holding company LivingSocial Korea which struggled to keep the ticket company .

LivingSocial has made about $924 million to date but the company hasn’t done too well in the global market. On the other hand, Groupon had revenue of $595.1 million in the most recent quarter and earnings per share of $0.02.

Groupon saw company shares soar following the acquisition. GRPN stock is up 2.45% in mid-afternoon trading Friday and 33% over the last month.

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