Angie’s List (ANGI) is facing activist investor pressure to consider selling the company. The Deal reports New York based hedge fun TCS Capital Management revealed a 5.4% stake in the Indianapolis based consumer review site in a filing with the Securities and Exchange Commission. TCS says it plans to have conversations with Angie’s List which include how a sale of the company could be the best option for the review site. Angie’s list has a $274 million market capitalization and has other options besides a sale, according to TCS Capital Management. Angie’s List also faces increased competition from Amazon (AMZN), Google (GOOG), and HomeAdvisor, which are all expanding their footprints in the local business review market. Angie’s List jumped nearly 11% Thursday but is down 24% since the beginning of the year.
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