The New Year is certainly off to a great start for Groupon who just finalized their purchase of Ticket Monster today. They filed a report with the SEC to acquire the Korean based company from LivingSocial Korea.
It’s no secret that Groupon has had a tough go of it in 2013, but they decided to take a chance on Ticket Monster in the hopes that it sparks international growth in 2014. The current track record for the ecommerce and ticket platform has been quite solid with regard to their financial revenue streams and profits.
Valued at $260 million, the acquisition of Ticket Monster may very well help dig Groupon out of some financial woes; they are hoping the positive growth trends will continue under their watch. And grabbing a promising company from key rival LivingSocial only sweetens the pot further.