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Alibaba disclosed in an SEC filing late Friday that it acquired nearly 33 million shares of Groupon in the fourth quarter. That works out to about a 5.6 percent stake. This makes Alibaba the fourth-largest owner of Groupon. Shares of Groupon soared more than 40 percent in midday trading. That follows a nearly 30 percent jump on Friday after Groupon reported a surprise profit and sales that topped Wall Street's forecasts. The company's latest results — combined with the endorsement from Alibaba — is welcome news for Groupon.
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