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https://www.wsj.com/articles/activist-investor-calls-on-yelp-to-explore-sale-38b2c004

Activist Investor Calls on Yelp to Explore Sale

TCS Capital has 4%-plus stake in Yelp, asks recommendation site to consider merger with Angi

By Lauren Thomas
TCS Capital Management’s Eric Semler plans to tell Yelp’s board that his investment firm is prepared to make its own bid to acquire Yelp. Photo: David Paul Morris/Bloomberg News

Activist investor TCS Capital Management has built a stake in Yelp and is calling on the service-recommendation site to explore strategic alternatives including a sale, according to people familiar with the matter.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.