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By: Benzinga
November 20, 2012 at 11:14 AM EST
Groupon Soars 11% on Hedge Fund Investment
Groupon (NASDAQ: GRPN ) is up more than 11 percent this morning after Tiger Global Management, LLC announced that it had acquired a 9.9 percent stake in the company. The hedge fund purchased 65 million shares in Groupon. At yesterday's close of $3.11, that stake was valued at $201.8 million. Tiger
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