{"id":25813,"date":"2014-06-16T05:59:02","date_gmt":"2014-06-16T09:59:02","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=25813"},"modified":"2014-06-16T05:59:02","modified_gmt":"2014-06-16T09:59:02","slug":"yelp-inc-nyseyelp-seen-as-the-next-potential-acquisition-target-surges-in-pre-market-trading","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/yelp-inc-nyseyelp-seen-as-the-next-potential-acquisition-target-surges-in-pre-market-trading-25813","title":{"rendered":"Yelp Inc (NYSE:YELP) Seen As The Next Potential Acquisition Target; Surges In Pre-Market Trading"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 06\/16\/2014 (wallstreetpr) \u2013<b>\u00a0<\/b><b>Yelp Inc (NYSE:YELP) <\/b>and <strong>GrubHub Inc (NYSE:GRUB)<\/strong> rose on speculations that they are going to be the next targets for a potential takeover after <strong>OpenTable Inc (NASDAQ:OPEN)<\/strong>\u2019s $2.6 million acquisition.<\/p>\n<p style=\"text-align: justify;\"><b>Recent Acquisitions<\/b><\/p>\n<p style=\"text-align: justify;\">In February, WhatsApp was acquired by <strong>Facebook Inc (NASDAQ:FB)<\/strong> for $19 million. Post that, recently OpenTable was approached by <strong>Priceline Group Inc. (NASDAQ:PCLN)<\/strong>\u00a0with a 53% premium deal which makes the buyout offer be priced at $103 per share for the startup. The online travel agency seeks to acquire the mobile application company that has over 15 million diners as its customers every month who use to reserve tables from their smartphones. Uber, the taxi- fetching service providing company, comes with another similar story. The tech startup in fact had the greatest surprise element as it is reportedly the first startup to lure a $17 billion acquisition offer.<\/p>\n<p style=\"text-align: justify;\"><b>Gaining Popularity<\/b><\/p>\n<p style=\"text-align: justify;\">With smartphones becoming increasing popular and more importantly useful in people\u2019s everyday work, it is becoming common and everyday for big ventures to buy latest mobile- application developing companies for lofty figures. On these very speculations hares of\u00a0Yelp Inc (NYSE:YELP), which provides possibilities for obtaining reviews of restaurants from smartphones, rose as much 15%. It is one of the many local services apps which are gaining increasing popularity and are becoming user favorites. Another such likely target, according to analysts is GrubHub, which offers smartphone users online food delivery services. Shares of the company surged 11% while <strong>Groupon Inc (NASDAQ:GRPN)<\/strong> reported a jump of 5% with speculations in the Mergers and Acquisitions market.<\/p>\n<p style=\"text-align: justify;\"><b>Potential Suitors<\/b><\/p>\n<p style=\"text-align: justify;\">In this context, analysts did not shy away to name big players in the market as potential buyers of these growing companies. A New York based analyst with <strong>Macquarie Group Ltd. (ASX:MQG)<\/strong>, Tom White, said that possible suitors for Yelp could include tech giants such as <strong>Google Inc (NASDAQ:GOOG)<\/strong> and <strong>Yahoo! Inc. (NASDAQ:YHOO)<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 06\/16\/2014 (wallstreetpr) \u2013\u00a0Yelp Inc (NYSE:YELP) and GrubHub Inc (NYSE:GRUB) rose on speculations that they are going to be the next targets for a [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":25814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[7303,1747,1614,1819,7300,7302,813,712,833,7297,4779,709,7301,1442,7296,7173,1816,2870],"stock_ticker":[],"class_list":["post-25813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-asxmqg","tag-facebook-inc-nasdaqfb","tag-google-inc-nasdaqgoog","tag-groupon-inc-nasdaqgrpn","tag-grubhub-inc-nysegrub","tag-macquarie-group-ltd-asxmqg","tag-nasdaqfb","tag-nasdaqgoog","tag-nasdaqgrpn","tag-nasdaqopen","tag-nasdaqpcln","tag-nasdaqyhoo","tag-nysegrub","tag-nyseyelp","tag-opentable-inc-nasdaqopen","tag-priceline-group-inc-nasdaqpcln","tag-yahoo-inc-nasdaqyhoo","tag-yelp-inc-nyseyelp","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Yelp Inc (NYSE:YELP) Seen As The Next Potential Acquisition Target; Surges In Pre-Market Trading - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/yelp-inc-nyseyelp-seen-as-the-next-potential-acquisition-target-surges-in-pre-market-trading-25813\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yelp Inc (NYSE:YELP) Seen As The Next Potential Acquisition Target; Surges In Pre-Market Trading - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 06\/16\/2014 (wallstreetpr) \u2013\u00a0Yelp Inc (NYSE:YELP) and GrubHub Inc (NYSE:GRUB) rose on speculations that they are going to be the next targets for a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/yelp-inc-nyseyelp-seen-as-the-next-potential-acquisition-target-surges-in-pre-market-trading-25813\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-16T09:59:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/06\/yelp-inc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"224\" \/>\n\t<meta property=\"og:image:height\" content=\"225\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/yelp-inc-nyseyelp-seen-as-the-next-potential-acquisition-target-surges-in-pre-market-trading-25813#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/yelp-inc-nyseyelp-seen-as-the-next-potential-acquisition-target-surges-in-pre-market-trading-25813\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Yelp Inc (NYSE:YELP) Seen As The Next Potential Acquisition Target; Surges In Pre-Market Trading\",\"datePublished\":\"2014-06-16T09:59:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/yelp-inc-nyseyelp-seen-as-the-next-potential-acquisition-target-surges-in-pre-market-trading-25813\"},\"wordCount\":332,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/yelp-inc-nyseyelp-seen-as-the-next-potential-acquisition-target-surges-in-pre-market-trading-25813#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/06\/yelp-inc.jpg\",\"keywords\":[\"ASX:MQG\",\"Facebook Inc (NASDAQ:FB)\",\"Google Inc.(NASDAQ:GOOG)\",\"Groupon Inc (NASDAQ:GRPN)\",\"GrubHub Inc (NYSE:GRUB)\",\"Macquarie Group Ltd. 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