Groupon Pays LivingSocial $260M For Ticket Monster

Law360, New York (November 8, 2013, 3:39 PM EST) -- Groupon Inc. agreed to buy Korean e-commerce company Ticket Monster for $260 million in cash and equity from its biggest rival, LivingSocial Inc., Groupon said Thursday, while announcing its third-quarter results.

With $800 million in annual billing, Ticket Monster is a major South Korean pay processor, with rapid growth, according to the announcement. Groupon itself also posted billing growth of 10 percent, from $1.22 billion in third quarter of 2012 to $1.34 billion in the same period this year. If the deal goes through, current owner...
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