Yelp Stock Soars: Activist Investor Recommends Exploring Sale At Double Value
Portfolio Pulse from Anusuya Lahiri
Activist investor TCS Capital Management has built a stake in Yelp Inc (NYSE:YELP) and urged the company to explore strategic alternatives, including a sale. TCS Capital believes Yelp could be sold for at least $70 a share, more than double its current stock price. The firm also suggests a tax-free merger with online services company Angi.
May 23, 2023 | 12:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TCS Capital Management's stake in Yelp and recommendation for strategic alternatives, including a sale or merger with Angi, could lead to a significant increase in Yelp's stock price.
TCS Capital Management, a significant shareholder in Yelp, is urging the company to explore strategic alternatives, including a sale or merger with Angi. This news has already led to a 9.75% increase in Yelp's stock price. If Yelp follows through with these recommendations, it could result in a further increase in the stock price, especially if the sale price is at least $70 a share, as TCS Capital believes.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100