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SOURCE Analysts' Corner
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NEW YORK, December 24, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting IAC/InterActiveCorp (NASDAQ: IACI), Groupon, Inc. (NASDAQ: GRPN), Trulia, Inc. (NYSE: TRLA), HomeAway, Inc. (NASDAQ: AWAY), and OpenTable, Inc. (NASDAQ: OPEN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
IAC/InterActiveCorp Research Report
On December 19, 2013, IAC/InterActiveCorp (IAC) announced changes to its executive team in relation to its reorganization. According to IAC, Greg Blatt, CEO, will step down from his current position to become Chairman of the newly created Match Group, which initially comprise of the Company's Match businesses, Tutor.com, DailyBurn, and Skyllzone. IAC reported that Blatt will continue to report to Barry Diller, Chairman and Senior Executive of the Company, and the Company does not intend to appoint a new CEO. The Company stated that Sam Yagan, CEO of Match, will become CEO of the Group and will report to Blatt while Joey Levin, CEO of Search and Applications, and Kerry Trainor, CEO of Vimeo, will now report directly to Diller. "Greg Blatt has performed superbly as CEO of IAC for the last three years," commented Diller. "During that period, we've essentially doubled our stock price and increased our operating profit by over 180%. Over the last three years our areas of focus have crystallized, our management teams have developed, our reporting lines have consolidated, and Greg and I agree that a less centralized operating structure, pushing talent and decision-making closer to the businesses, is now the best way to achieve our growth objectives." The Full Research Report on IAC/InterActiveCorp - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Groupon, Inc. Research Report
On December 19, 2013, Groupon, Inc. (Groupon) announced the launch of Grouponvelope and the digital gift voucher for last-minute shoppers. Groupon reported that these solutions allow local merchants, who do not have a gift card program, reach millions of customers looking for last-minute but thoughtful holiday gift ideas. Eric Lefkofsky, Groupon CEO, explained, "Many merchants don't have the resources to invest in the same digital gifting solutions provided by national retailers, and they miss out on sales that are important to their bottom line." Lefkofsky said, "Our new gifting solutions create a level playing field for local merchants and effortless last-minute holiday shopping for consumers." The Full Research Report on Groupon, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Trulia, Inc. Research Report
On December 17, 2013, Trulia, Inc. (Trulia) announced that it will join the Real Estate Standards Organization (RESO) as an industry partner and Alon Chaver, Trulia's Vice President of Industry Services, will join RESO's Board of Directors. Chaver added, "Joining RESO makes perfect sense for Trulia, because data standardization will deliver great efficiencies across the real estate industry. By participating in the creation of data standards, Trulia will be able to leverage its position as a technology partner to the industry and provide unique insights and drive more value to our agent, broker and MLS partners." Trulia reported that Chaver's membership to the RESO Board will take effect on January 1, 2014. The Full Research Report on Trulia, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
HomeAway, Inc. Research Report
On December 4, 2013, HomeAway, Inc. (HomeAway) announced that it has successfully acquired Stayz Group, which also includes Rentahome.com.au, TakeABreak.com.au, and YesBookIt, was purchased from Fairfax Digital, a division of Fairfax Media Limited, in an all-cash transaction valued at approximately $198 million. Brian Sharples, HomeAway CEO, stated, "The acquisition of Stayz adds 33,000 additional Australian-based properties to the HomeAway network. It also provides HomeAway a strong momentum to our newly-launched pay-per-booking business, something Stayz has worked over the years to optimize." Sharples continued, "Additionally, they have demonstrated that a vacation rental business can generate attractive margins operating on primarily a pay-per-booking model, and we look forward to learning from their team." The Full Research Report on HomeAway, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
OpenTable, Inc. Research Report
On December 16, 2013, OpenTable, Inc. (OpenTable) announced its acquisition of Quickcue, LLC (Quickcue), for approximately $11.5 million in cash pursuant to an agreement and plan of merger. Joseph Essas, Chief Technology Officer of OpenTable, commented, "We're looking forward to working with the Quickcue engineering team to accelerate our efforts aimed at providing our customers with the most sophisticated mobile waitlist technology on the market and developing our next generation hospitality solutions for restaurants that are primarily walk-in, but accept reservations." The Company reported that nine Quickcue team members will join OpenTable, and will continue to operate from their offices in Chattanooga, Tennessee. OpenTable further informed that the said acquisition will be recorded in its Q4 2013 financial statements and is not expected to have a material impact on the financial guidance of Q4 2013 and full year 2013 released by the Company on November 5, 2013. The Full Research Report on OpenTable, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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