- Bloomberg has followed up on the WSJ's report on YELP by stating the local reviews leader is working with Goldman to find a buyer. A source adds Yelp "may draw interest" from Priceline, Yahoo, Amazon, or Japanese e-commerce giant Rakuten.
- Piper considers Apple, Google, and Facebook to be the most logical suitors. SunTrust names Apple, Google, and Yahoo as potential buyers. Antitrust regulators might not be thrilled with a Google/Yelp deal.
- Shares have soared above $47. Short-covering has likely played a big role in today's move: 20.8M shares (nearly 1/3 of the float) were shorted as of April 15. Many of those shorts had big paper profits going today (some probably still do).