Activist Investor Calls on Yelp to Explore Sale

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

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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