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Groupon is reportedly looking to cut a deal involving itself.

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Amidst shareholder concern, the daily-deals company is looking into making an acquisition that could boost operations and the company's stock price, according to the Wall Street Journal.

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Some people familiar with the situation say Groupon's target could be Yelp Inc., the San Francisco-based online-review company.

Shares of Yelp jumped more than 2 percent after-hours, while shares of Groupon fell around 4 percent.

TickerSecurityLastChange%ChgGRPNGROUPON INC.2.86-0.15-4.98%YELPYELP INC36.42+1.82+5.26%

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 several services together in one place such as deals, reviews and purchases.

Both Groupon and Yelp declined to comment to the Journal.

Source Link:
https://www.foxbusiness.com/markets/groupon-may-pursue-deal-with-online-review-company-yelp

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