<<Google is in "advanced" talks to buy Yelp, Michael Arrington at TechCrunch reports. One source tells him the deal is 80% likely to close.>>
http://www.techcrunch.com/2009/12/17/google-acquire-buy-yelp/
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Nicholas Carlson, Senior Editor, The Business Insider Says:
<<Google Wants To Buy Yelp For $500 Million... But Why?
1> Yelp's local search is adjacent to Google's business
2> Local businesses want to advertise on web but have no place to drive traffic to. Yelp Pages solve that problem.
3> Google needs to diversify its local search content and provide more than Google Maps.
4> Yelp is established brand amongst local searchers and merchants.
5> Yelp has killer apps on mobile web
6> Culturally, Google and Yelp should work well together>>
http://www.businessinsider.com/business-news/dec-18-yelp-2009-12 |
Would be a good buy, but nothing too exciting as far as technology goes. |
Yelp Walks Away From Google Deal, And Half A Billion Dollars.
<<Jeremy Stoppleman, the CEO of Yelp, has walked away from an all-but-signed deal to be acquired by Google for more than half a billion dollars.
The deal was, as we wrote late last week, in the later stages of negotiation. The two companies had agreed on a price – around $550 million plus earnouts – and were working through the final details of the acquisition.
Then something happened that made Yelp reconsider the deal. Over the weekend they notified Google that they were not going to sell, say multiple sources.>>
http://www.techcrunch.com/2009/12/20/yelp-walks-away-from-google-deal-and-half-a-billion-dollars |
