Travelzoo Sitting at Session Highs in Wake of Sale Report

A Reuters report which indicates that Travelzoo TZOO has hired advisers to sell itself has sent the stock soaring on Wednesday. At last check, TZOO was trading near its highs for the session, up nearly 33% to $27.92. The Reuters report that is responsible for the activity in the name cited 3 unidentified sources. Potential suitors could include Google GOOG, Amazon.com AMZN and LivingSocial.com, according to Dan Kurnos, an analyst at Benchmark Co. Travelzoo has a subscriber base of roughly 24 million which it informs about travel, entertainment, and local deals. The company provides travel companies, entertainment companies, and local businesses with a way to reach consumers. This niche could be attractive to major internet companies who are seeking to bolster their presence in the online deals space.