Private equity firms Anchor Equity Partners and Kohlberg Kravis Roberts & Co. LLP (NYSE: KKR) are buying a majority stake in mobile commerce business Ticket Monster Inc. from Groupon Inc. (NYSE: GRPN).

Seoul, South Korea-based Ticket Monster is a mobile ticketing company that Groupon bought from Living Social Inc. for $260 million in 2013. The company operates an online retail marketplace in South Korea that sells clothing, household and fast-moving consumer goods, local services and travel deals. About 70 percent of Ticket Monster's users complete their purchases via mobile device.

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