Groupon is reportedly eyeing acquisition targets as agitated investors complain about the company's financial performance and stock price, according to the Wall Street Journal. The company is considering buying online-review company Yelp, the WSJ reported. Shares of Yelp rose as much as 5.4% on the news. Groupon's stock price has fallen more than 10% this year, while the S&P 500 is up roughly 20%. Watch Yelp and Groupon trade live.
Groupon is reportedly eyeing acquisition targets as agitated investors complain about the company's financial performance and stock price, according to the Wall Street Journal. The company is considering buying online-review company Yelp, the WSJ reported. Shares of Yelp rose as much as 5.4% on the news. Groupon's stock price has fallen more than 10% this year, while the S&P 500 is up roughly 20%. Watch Yelp and Groupon trade live.
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Source: WSJ - 🏆 98. / 63 Read more »