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Stock Market & Financial Investment News

News Breaks
January 10, 2014
11:25 EDTGRPNLivingSocial CEO Tim O’Shaughnessy to step down
LivingSocial, a company that competes with Groupon (GRPN) and others in the Daily Deals space and other online deal offerings, announced on its corporate blog that its CEO Tim O’Shaughnessy recently informed the company's Board of Directors that he will be stepping down as CEO of LivingSocial later this year. LivingSocial will start a search for a new CEO today and hopes to fill the position in the first half of 2014, O’Shaughnessy stated in a letter to staff. Reference Link
News For GRPN From The Last 14 Days
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April 30, 2015
05:50 EDTGRPNStocks with implied volatility above IV index mean; GRPN YELP
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April 29, 2015
06:07 EDTGRPNStocks with implied volatility above IV index mean; GRPN LNKD
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April 28, 2015
07:44 EDTGRPNGroupon negative sentiment creates buying opportunity, says Brean Capital
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April 20, 2015
08:37 EDTGRPNKKR, Anchor Equity to acquire controlling stake in Groupon's Ticket Monster
Private equity investor Anchor Equity Partners and global investment firm KKR (KKR) have signed a definitive agreement to acquire a controlling stake in leading South Korean mobile commerce company Ticket Monster from Groupon (GRPN). Anchor and KKR, in conjunction with TMON’s management, will jointly acquire a controlling stake in TMON and will inject new capital into the company to help fund its future growth opportunities. Anchor and KKR will hold equal stakes in the company. Some of the world’s largest pension, sovereign wealth funds and institutional investors, including the Canada Pension Plan Investment Board and Pavilion Capital, will also be participating as investors in this transaction. Groupon, which acquired TMON in January 2014, will retain a fully diluted 41% minority stake in the company. The investment is based on a $782M fully diluted valuation of TMON. KKR and Anchor will work closely with TMON’s co-founder and CEO Dan Shin and the management team to grow the business. The transaction is expected to close in the second quarter of 2015, subject to regulatory and customary closing conditions.
08:35 EDTGRPNGroupon continues to see FY15 adjusted EBITDA greater than $315M
08:35 EDTGRPNGroupon raises Q1 adjusted EPS view to 1c-3c from 0c-2c
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08:33 EDTGRPNGroupon board approves new $300M share repurchase program
Groupon announced its Board of Directors has approved a new $300M share repurchase program, subject to the closing of the TMON sale. The authorization includes the flexibility for accelerated repurchases and purchases over time in the open market in accordance with our current practice. The new plan is expected to commence with the closing of the TMON sale and will run through August of 2017. Groupon expects to continue repurchases under its existing $300M share repurchase program approved in 2013. That program had $83M of authorized repurchases remaining as of March 31, 2015, and is set to expire in August of 2015. Share repurchases are subject to market conditions and other factors.
08:33 EDTGRPNGroupon agees to sell 46% stake in Ticket Monster to KKR for $360M
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