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June 13, 2014
08:29 EDTAWAY, LIVE, OPEN, GRPN, GRUB, PCLN, LOCM, YELPInternet deal, local service providers jump after Priceline buys OpenTable
Shares of a number of companies that provide local services and deals via the Internet and mobile devices are jumping after Priceline (PCLN) agreed to acquire OpenTable (OPEN), which allows users to read restaurant reviews and make online reservations, for $103 per share in a deal valued at $2.6B. Shares of OpenTable remain halted following the announcement, while shares of Yelp (YELP) are up 10%, LiveDeal (LIVE) is up 16.6%, Groupon (GRPN) is up 9.7%, GrubHub (GRUB) is up 8.5%, Local Corp. (LOCM) is up 4.7% and HomeAway (AWAY) is up 4.8%.
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December 1, 2015
15:20 EDTGRPNGroupon reports North American billings up 41% over holiday weekend
Groupon CEO Rich Williams said in a post to the company's blog that Groupon's North American billings were up 41% compared to last year for the full Black Friday through Cyber Monday weekend. Customers purchased 52% more Groupons over the four-day weekend than in 2014, Williams added. Reference Link
08:34 EDTLIVELive Ventures intends to sell seven properties owned by Marquis Industries
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November 30, 2015
10:21 EDTPCLNWyndham Vacation Rentals, announce distribution agreement, part of The Priceline Group (PCLN), and Wyndham Vacation Rentals, part of Wyndham Exchange & Rentals and the Wyndham Worldwide family of brands (WYN), have announced a new worldwide distribution agreement. Through this arrangement, Wyndham's global portfolio of vacation rental brands, including Landal GreenParks, NOVASOL, Hoseasons, and Wyndham Vacation Rentals North America, will now be able to utilize the website and mobile apps as distribution channels for their properties. Over the past two years, has worked individually with several brands of Wyndham Vacation Rentals, primarily in Europe. " has been a great partner for us in Europe, and we're very excited to extend our relationship globally through this new agreement," said Gail Mandel, president and CEO, Wyndham Exchange & Rentals, the parent company of Wyndham Vacation Rentals. Additional terms of the agreement have not been disclosed.
November 27, 2015
12:43 EDTYELPYelp wins in lawsuit over reviews authenticity, Reuters says
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November 25, 2015
08:19 EDTYELPGoogle claims search result burying Yelp, TripAdvisor is a bug, Re/code reports
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November 20, 2015
07:10 EDTAWAYExpedia outlook has improved, says Oppenheimer
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November 19, 2015
13:24 EDTPCLNExpedia CEO says shut out of TripAdvisor Instant Booking for now, Skift says
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13:01 EDTGRUBGrubHub expands delivery service to Atlanta
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November 18, 2015
10:08 EDTGRPNGoPro sinks after analyst finds cameras on flash sales sites
The shares of action camera maker GoPro (GPRO) are sinking and hit a new 52-week low after research firm Piper Jaffray reported that the company has been offering significant discounts on its cameras. WHAT'S NEW: GoPro's cameras have been selling on flash sales websites such as Zulily (ZU) and Groupon (GRPN) at price discounts of 16%-34%, Piper analyst Erinn Murphy wrote in a note to investors today. As a result of these discounts and the 147% increase in GoPro's inventory at the end of the third quarter, the analyst is concerned that the company's gross margin could be pressured. In addition to the discounts GoPro is offering on the flash websites, the camera maker cut the price of its GoPro Session camera on Amazon to $299 from $399 in September and there has been "select downward price movement" on two more of its cameras on Amazon, Murphy reported. The analyst continues to expect GoPro's Q4 earnings per share to come in at 34c, versus analysts' consensus estimate of 41c. She slashed her fiscal 2016 EPS estimate for the company to $1.03 from $1.35, versus the consensus outlook of $1.37. Murphy reduced her price target on the stock to $15 from $20 and kept an Underweight rating on the name. WHAT'S NOTABLE: Ambarella (AMBA) makes chips used in GoPro's cameras. Best Buy (BBY), which is due to report its results tomorrow, sells GoPro's cameras. PRICE ACTION: In early trading, GoPro fell 8% to $19.19. Earlier today, it hit a new 52-week low of $19.04.
09:48 EDTYELPYelp rises on unconfirmed takeover speculation
The shares were last at $28.60, up over 3.7% on the session. At that price next resistance is at $28.83 and then at $29.26. The stock is in a shallow rounding bottom pattern, which is bullish for price and has begun to fill the bearish gap down from July of this year. Support is at $27.70.
09:41 EDTYELPYelp November call activity attributed to takeover speculation
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09:40 EDTYELPRumor: Yelp strength attributed to takeover speculation
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09:34 EDTGRPNActive equity options trading on open
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November 17, 2015
16:33 EDTPCLNPriceline appoints Christa Quarles CEO of OpenTable
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