Local.com Up On Google Buyout Rumors (LOCM)

Local.com

is gaining in intraday trading after a

mentioned that Google is might be considering some buyouts of Groupon "wannabes." Local.com competes in the same local advertising market as Groupon and is rumored to be a potential takeover target for Google. At last check shares of Local.com were trading at $7.07, up 11% from yesterday's close.