Groupon Inc replaced CEO Andrew Mason at the helm on Thursday, a day after posting a dismal set of quarterly results, and appointed co-founder Eric Lefkofsky and board member Ted Leonsis as interim chief executives.
The daily deals company said it has begun a search for a new CEO.
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Shares in the company leapt 8 percent to $4.90 in after-hours trade, from a close of $4.53 on the Nasdaq.
(Reporting By Alistair Barr and Edwin Chan; Editing by Gary Hill)