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Groupon is looking to make a big purchase
Fox Business Briefs: The day-to-day buying company would apparently turn to acquisitions, with shareholders becoming more concerned about its finances and stock price.
Groupon apparently seeks to enter into an agreement involving himself.
In the midst of shareholder concerns, the daily trading company is considering making an acquisition that could boost its operations and share price, according to the Wall Street Journal.
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Some people familiar with the situation say that Groupon's target could be Yelp Inc., the San Francisco-based online review company.
Yelp's shares have surged more than 2% after normal business hours, while those of Groupon have dropped about 4%.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| GRPN | GROUPON INC. | 2.89 | -0.12 | -3.99% |
| yap | YELP INC | 36.52 | +1.92 | + 5.55% |
On Wednesday, Yelp had a market capitalization of $ 2.46 billion, while Groupon was worth $ 1.71 billion, according to FactSet.
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A potential takeover would bring together several services in one place, such as offers, reviews and purchases.
Groupon and Yelp both declined to comment in the Journal.
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