Stock Market News
TCS Capital calls on Yelp to explore strategic options for sale
2023.05.23 07:34
© Reuters. FILE PHOTO: The company logo for Yelp! is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid
(Reuters) – Activist investor TCS Capital Management said on Tuesday it had built a stake in Yelp (NYSE:) Inc and was urging the service-recommendation site to explore strategic options.
TCS Capital, which owns more than 4% of the outstanding shares of Yelp’s common stock, is one of Yelp’s top shareholders. This was earlier reported by the Wall Street Journal on Monday.
