Groupon (GRPN +11.1%) is up sharply on news Tiger Global has taken a 9.9% stake. The news comes...

|By:, SA News Editor

Groupon (GRPN +11.1%) is up sharply on news Tiger Global has taken a 9.9% stake. The news comes a week after George Soros and Paul Tudor Jones disclosed they bought shares of the daily deals leader in Q3. A lot of "smart money" has poured into a company that's dealing with some serious regional challenges and a big mix shift towards regular e-commerce sales. 17.3% of Groupon's float was shorted as of Oct. 31.