Yelp Inc (YELP): Eminence Capital Discloses New Passive Stake

Moreover, Yelp Inc (NYSE:YELP) is expanding its presence in Asia. Recently, the company launched  Yelp.my to serve local businesses in Malaysia. During the first quarter, Yelp started operations in Taiwan, launching a dedicated website for the local market.

The performance of Yelp Inc’s (NYSE:YELP) stock isn’t very impressive. The company’s stock slumped by 22.41% during the past year, compared to the industry average gain of 17.04%.

At the beginning of this month, Bloomberg reported that Yelp Inc (NYSE:YELP) is working with Goldman Sachs to find a buyer. In response to rumors that Yahoo! Inc. (NASDAQ:YHOO) is one of the possible parties interested in buying Yelp, Eric Jackson, a Yahoo shareholder, said in a CNBC program that there is no chance Yahoo will acquire Yelp. Jackson, who is founder and president of Ironfire Capital, said that, “on behalf of Yahoo shareholders, Yahoo and Marissa Mayer should not be thinking about touching this company […].”

Other investors with heavy positions in Yelp Inc (NYSE:YELP) include Eashwar Krishnan’s Tybourne Capital Management, and Sanford J. Colen’s Apex Capital, holding 3.58 million shares and 1.06 million shares, respectively.

Disclosure: none