Local.com Up On Google Buyout Rumors (LOCM)

Local.com LOCM is gaining in intraday trading after a New York Post article 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.