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Yelp jumps as activist investor seeks sale or merger with Angi

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Yelp jumps as activist investor seeks sale or merger with Angi

May 23 (Reuters) – Activist investor TCS Capital Management on Tuesday urged Yelp Inc (YELP.N) to either explore a sale or a merger with online-services company Angi Inc (ANGI.O), sending shares of the service-recommendation site 10% higher in premarket trading. Yelp is “shockingly undervalued” and could be sold for more than twice its share price, … [Read more…]

Activist investor TCS Capital calls on Yelp to explore sale – WSJ

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Activist investor TCS Capital calls on Yelp to explore sale – WSJ

May 22 (Reuters) – Activist investor TCS Capital Management has built a stake in Yelp Inc (YELP.N) and is urging the service-recommendation site to explore strategic options, including a sale, the Wall Street Journal reported, citing people familiar with the matter. TCS Capital, owning over 4% of the outstanding shares of Yelp’s common stock, ranks … [Read more…]