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.