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Strategies & Market Trends : The New Economy and its Winners

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From: Glenn Petersen5/7/2015 1:29:02 PM
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Yelp Shares Surge After Report Company Is Exploring a Sale

by Jillian Ward
Bloomberg
12:13 PM CDT, May 7, 2015

Yelp Inc. shares surged 13 percent after the Wall Street Journal reported the online-review website is exploring a sale.

The company is working with investment bankers and has been in touch with potential buyers, the paper said, citing people familiar with the matter. Shares of the San Francisco-based company were halted after the report, and jumped to $43 after trading resumed.

bloomberg.com
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