Business

Hedge fund buys 9.9 percent stake in Groupon

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Groupon rose in the regular session and again in after-hours trading after the hedge fund Tiger­ Global disclosed it bought a 9.9 percent of the online deals company, which faces slowing revenue growth and accounting investigations. To expand, Groupon aims to establish itself as an e-commerce company selling electronic gadgets. It has also opened its first concept store in Hong Kong.

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