VC-backed Groupon agrees to buy Korea-based Ticket Monster for $260 mln

Ecommerce company Groupon has agreed to acquire Ticket Monster from LivingSocial for $260 million in cash and stock. The deal is expected to close in the first half of 2014. Ticket Monster is a provider of product, local and travel offers in Korea. Groupon is backed by a number of investors that include New Enterprise Associates, Accel Partners, Battery Ventures, Andreessen Horowitz, Greylock Partners, Kleiner Perkins Caulfield & Byers, Maverick Capital, Silver Lake Partners, Technology Crossover Ventures and Maveron.

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