LivingSocial sells $13.8 million worth of Groupon stock

January 6 News, the United States, the second largest group buying website LivingSocial said it will sell its own Groupon shares, these shares worth 13.8 million of dollars.

In Friday Groupon bought the LivingSocial's ticketing website Ticket-monster, paying 260 million of dollars and some of its own shares. LivingSocial, a ticket-monster parent company, gained a stake.

LivingSocial said he would use the proceeds to expand the business of LivingSocial American companies after selling the stake.

Groupon said the ticket-monster would not yield significant gains because the deal accounted for only 2% of Groupon's shares. The acquisition Ticket-monster is one of Groupon's ways of switching from a traditional time-limited-to-buy email marketing approach to a mobile-power trader.

It is reported that Groupon's third-quarter profit did not meet expectations, hoping to use the acquisition to change the profit situation. Groupon's share price fell by about 0.84% in Friday, to $11.75.