NEW YORK (
) -- Local-oriented stocks made big gains Friday, as startups like
, which focus on finding neighborhood deals for consumers, were cast into the spotlight on recent M&A news.
, a business search engine and advertising network, rose 8.1% to close at $5.47, while small business marketing and advertising company
spiked 20.2% to close at $6.79.
Even Yellow Pages publisher
, which has recently struggled with layoffs and cost-cutting, jumped a whopping 39.9% and closed at $6.70.
Takeover speculation may have contributed to the increase in stock price among these companies, said Jon Hickman, an analyst at MDB Capital Group.
Potential suitors looking to beef up their offerings in local include
, said Hickman.
Earlier this week, reports swirled that popular daily deals site Groupon
, while competitor
announced a $175 million investment from
for around $75 million.
Local stocks outperformed the broader tech market Friday, which rallied in the afternoon. The
--Written by Olivia Oran in New York.
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