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Consortium to Buy Control of Ticket Monster

A consortium including KKR Co. will buy a controlling stake in Ticket Monster, South Korea’s No. 2 mobile commerce company, from Groupon Inc. in a deal that values Ticket Monster at $782 million. The deal, which confirms an earlier Wall Street Journal article, will give Chicago-based Groupon a hefty return on a company it bought for $260 million from social commerce rival LivingSocial Inc. just over a year ago. Groupon will sell a 46% stake in Ticket Monster for $360 million, but will retain a 41% stake in the South Korean company after the closing of the deal, which will include a fresh injection of capital into Ticket Monster from the consortium.

Read the whole story at Wall Street Journal »

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