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Groupon up on hedge fund

The daily deal provider's shares rose 8.5% to 3.37 after after investment firm Tiger Global Management said it bought a 9.9% stake in the company Mon. The New York-based hedge fund said it acquired 65 mil shares of Groupon (GRPN). The hedge fund at the end of Q3 also had investments in Apple (AAPL), Facebook (FB), LinkedIn (LNKD) and Priceline.com (PCLN).