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Tiger Global Hedge Fund Takes 9.9% Stake in Groupon

Groupon Inc. shares rose as much as 15 percent after Tiger Global Management LLC, the $8 billion hedge fund run by Chase Coleman and Feroz Dewan, said it acquired a 9.9 percent stake in the daily deal site.

The shares rose 45 cents to $3.55 at 11:59 a.m. in New York. Earlier, they touched $3.57, their biggest gain since July. Tiger Global bought 65 million shares in Chicago-based Groupon, a stake valued at $201.8 million based on yesterday’s closing price, according to a filing with the U.S. Securities and Exchange Commission.