NHN Entertainment has provided $40m for Ticket Monster, whose previous owners have included LivingSocial and Groupon, as part of a round that could reach $300m.
South Korea-based e-commerce company Ticket Monster (TMon) closed $40m of funding from gaming and entertainment company NHN Entertainment (NHNE) yesterday.
The transaction is the first close of a $300m funding round that is expected to continue into autumn, according to the Wall Street Journal, which also revealed that NHNE acquired a 3% stake.
Founded in 2010, Ticket Monster operates a mobile e-commerce platform that focuses on discounted products from some 91,000 merchants.
The two companies have signed a memorandum…
