Time Out For Groupon?

Groupon could have some competition headed its way from event listings site Time Out, which recently secured a new majority investor in Oakley Capital Investments.

The private-equity firm’s cash injection will help Time Out, known for its entertainment guides and reviews in cities around the world, take on Groupon and others in the world of online travel and coupons.

Oakley founder Peter Dubens told Bloomberg News he wants to turn Time Out into a “Ticketmaster with reviews,” selling hotel bookings as well as travel and restaurant deals.

Dubens said his firm will help the events publisher turn readers into purchasers on its website.