GRPN Stock Sneaks Higher As Ticket Monster Deal Closes

by Karl Utermohlen | January 3, 2014 3:07 pm

GRPN Stock Sneaks Higher As Ticket Monster Deal Closes

Groupon (GRPN[1]) has purchased Ticket Monster as GRPN stock posted gains on Friday.

groupon 300x150 GRPN Stock Sneaks Higher As Ticket Monster Deal Closes[2]The company’s¬†acquisition [3]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.

Endnotes:
  1. GRPN: http://studio-5.financialcontent.com/investplace/quote?Symbol=GRPN
  2. [Image]: http://investorplace.com/wp-content/uploads/2013/11/groupon.png
  3. acquisition : http://techcrunch.com/2014/01/02/groupons-260m-acquisition-of-ticket-monster-from-livingsocial-has-closed/

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