NEW YORK (
shares rose 2.7% to $15.77 in afternoon trading on Tuesday after news broke
to take a minority stake in the company.
Private equity firm
is also expected to make a bid, according to media reports.
shares popped 6.7% to $16.31, providing a respite after several days of losses for the daily deals company. On Monday, Groupon's stock dropped 9%, and it's now down nearly 38% since its IPO debut.
Research In Motion
( RIMM) shares jumped 6.9% to $17.61 after the Blackberry maker said it's developing device management software tools for use with other smartphone devices such as the iPhone and Android. The software is currently in beta testing, the company said.
, meanwhile, dropped 6.5% to $12.15, putting the newly public local reviews site below its IPO price of $13. Investors are becoming increasingly wary of the latest crop of Internet stocks.
shares fell 4.3% in afternoon trading, while
Written by Olivia Oran in New York
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