TCS Capital calls on Yelp to explore strategic options for sale

(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.