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Groupon Rally Boosted by Tiger Global Investment

Groupon Inc., the largest provider of daily deals, rose 15 percent, climbing for the second day after Tiger Global Management LLC said it acquired a 9.9 percent stake in the coupon website.

The shares advanced to $3.88 at the close in New York, their biggest gain since May. The stock has gained for the sixth straight day, making it a 48 percent jump over the period.