Deals
Groupon Surges as Profit Beats, Partners Sought in Asia
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Groupon Inc. rose the most since December 2012 after third-quarter profit beat analysts’ estimates and the company said it would seek partners to help expand its businesses in Asia.
The company said it hired advisers to evaluate financial and strategic options that could unlock shareholder value, citing the growth opportunities for South Korea’s Ticket Monster and the rest of its Asian operations. Chief Executive Officer Eric Lefkofsky said the company is focused on finding partners instead of selling some of the businesses completely.