Hedge Fund Buys 9.9% Stake in Groupon

Tiger Global Management hedge fund has bought a 9.9 percent share in Groupon, according to papers filed with the Securities and Exchange Commission.

The filings indicate that the investment fund won’t seek corporate changes at Groupon.

The hedge fund, led by Charles P. Coleman, invests heavily in technology. It is betting that Groupon’s share price will soon rise without any changes of company direction or management.

Groupon stock rose after hours on news of the buy.

Related Stories
Mediabistro Course

Creative Social Branding

Creative Social BrandingLearn how to create social buzz for your brand! Starting November 24, the VP of content strategy at DBA will teach you how to speak and write to different audiences on social platforms, identify and engage with current trends and influencers, and build an excellent social strategy to amplify your numbers and rate engagement. Register now!