Beijing time on March 12, the morning news, the investment company Wunderlich Securities analyst Blake Harper (Blake Harper) released the report on Monday, according to yahoo may acquire social gaming companies in the United States company. Affected by this good news, its shares closed up 10% on Monday, hit a record high since last July.
on Monday, U.S. stock trading, the company shares rose $0.36, $3.93, or 10.11%, pan touched $4.00. Since this year, its share price has risen 67%, performance far exceeds the Russell 1000 index up 9.4%. Over the past 52 weeks, its price of $14.48, the lowest price is $2.09.
Harper believes that the reason why yahoo may consider to buy a company, because yahoo CEO Marissa Mayer (Marissa Mayer) is seeking for mergers and acquisitions, boost yahoo’s mobile and social function. Since taking office mayer, yahoo’s display advertising business share of the market has declined, mainly due to the pressure of competition from Google and Facebook.
Harper, points out that the company has a market value of about $3 billion, is an attractive acquisition target. He also points out, yahoo may also seek to acquire consumer review site Yelp, online reservation site OpenTable or mobile advertising company Millennial Media.
yahoo, company, Yelp, OpenTable and Millennial Media spokesman declined to comment.
source: sina science and technology