NEW YORK (TheStreet) -- Shares of Groupon (GRPN) closed up 1.47% at $8.26 today after it was reported that Goldman Sachs Group (GS) plans to buy up to a 20% stake in Groupon's Korea-based ticket and ecommerce company Ticket Monster, the Korea Times reported.
Currently, Ticket Monster is 100% owned by Groupon, the world's largest social commerce company, the Korea Times said, adding that Groupon is also considering handing over managerial control, selling over half of its stake.
In October, Groupon 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, Bloomberg reported.
Exclusive Report: Jim Cramer's Best Stocks for 2015
Groupon acquired Ticket Monster from LivingSocial in January for about $260 million.
Separately, TheStreet Ratings team rates GROUPON INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate GROUPON INC (GRPN) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share."