Groupon to sell 46 percent stake in Ticket Monster for $360 million

(Reuters) - Groupon Inc said it would sell a 46 percent stake in Ticket Monster, its South Korean e-commerce business, to a partnership formed by KKR and Hong Kong-based Anchor Equity Partners for $360 million (241.4 million pounds).

Groupon, which will retain a 41 percent stake in Ticket Monster after the deal closes, also approved a new $300 million share repurchase programme.

(Reporting by Devika Krishna Kumar in Bengaluru; Editing by Sriraj Kalluvila)