We are watching shares of Yelp. Surging today as activist investor TCS management pushes for a sale of the company.

That of course is the focus of today's Tech Check segment with Deirdre Bosa.

So Deirdre, what are we hearing about the plan and how investors are taking it?

Clearly they like it.

Well, yeah, they do like it, judging by that stock pop.

And I just got off the phone with TCS as president, Eric Semler.

He's the one that sent that

letter this morning and he's making the case that Yelp should consider merging

with Angie. That's formerly Angie's list to form what he is calling a

powerhouse in the 500 billion dollar home services market.

Now in my conversation with him, Sumler did allow that

Yelp is executing on a few fronts.

He says it survived the threat of Google.

It's grown its home services business and has quote an incredible balance sheet.

The problem though, according to Sumler, is that nobody cares. The stock has underperformed the broader markets over the last five and

ten years. He made the point to that there was just two analysts who asked

questions on the last earnings call and more than that he calls

Yelp CEO Jeremy Stoppelman a serial numbers misser and one that he says uses the company

as his own personal piggy bank while the rest of us lose money thanks to a quote

puppet board. Now he also says that TCS is willing to make a bid

themselves to acquire Yelp and he even has his own CEO in mind with public

company experience though he wouldn't name any names for me. Yelp statement, let me mention that.

...