Groupon is reportedly weighing an acquisition of Yelp as pressure from frustrated investors mounts

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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WSJ News Exclusive | Groupon Said to Be Pursuing Acquisition as Business Faces Pressure From InvestorsDaily-deals company Groupon is pursuing an acquisition amid discontent among shareholders about the firm’s financial performance and stock price, people familiar with the matter say. The target could be Yelp, the San Francisco-based online-review company, according to two other people familiar with the situation. Two drunks holding each other up at the bar. Groupon acquiring yelp! Hilarious, both a failure, that would be the end of Groupon, Yelp’s almost finished, peope turned away from yelp knowing darn well reviews Manipulated for money, thanks to the dummy stoppleman. He killed yelp & now walking out. Feel sorry for Shareholders.
Source: WSJ - 🏆 98. / 63 Read more »