SunTrust said that the potential $3.5B buyout price for Yelp (YELP) discussed in The Wall Street Journal article about the company exploring a sale implies a per share price of $49, while also noting that closing the valuation gap with its peers would put a deal closer to $4.7B, or $66 per share. The firm, which added that Yelp has frequently been speculated as a target in the past, listed Google (GOOG), Yahoo (YHOO), Apple (AAPL), Amazon (AMZN), Facebook (FB), Alibaba (BABA), Priceline (PCLN) and TripAdvisor (TRIP) among the most likely buyers of Yelp if it gets sold.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Apple plans to spend more than $250M on its regional hub in Singapore, including expanding its campus later in 2024, in an effort to reduce exposure to China and diversify its footprint in Asia, The Wall Street Journal's Amanda Lee reports. The expanded campus will run completely on renewable energy, according to the report. Reference Link

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

IHG Hotels & Resorts (IHG) launches Apple (AAPL) AirPlay in the first phase of hotel rooms, giving guests the ability to stream content privately and securely from their iPhone or iPad to the TV in their guest rooms. AirPlay is available at more than 60 hotels in North America, including properties like InterContinental Buckhead Atlanta, Hotel Indigo NYC Downtown - Wall Street and Holiday Inn & Suites Ottawa Kanata. IHG is the first hospitality company to provide AirPlay functionality as part of its in-room entertainment experience.