Yelp CEO Turns Down $550 Million Google Deal
Bertrand Vasquez | Dec 21, 2009 | Comments 1
Last week, the blogosphere was abuzz about the reported acquisition of Yelp by Google for a little over half a billion dollars. The acquisition was said to be imminent, given it was in the very last stages. Unfortunately for Google, Yelp CEO Jeremy Stoppleman turned down the deal at the very last minute over the weekend.
At the moment, there’s no information as to what made Yelp reconsider the deal. Though, there’s speculation that another company has secretly come to Yelp with a much better offer. The companies in question vary, from Microsoft to Apple, who recently acquired music service Lala. More on this as we find out more.
What do you think went wrong?
[ TechCrunch ]
Filed Under: Technology
It’s intriguing to see what Yelp’s strategy is. I cannot imagine that Yelp would get a higher cash offer at this point. I would think that it may be holding for a partnership with a private company that may be considering to go public. A Yelp/Facebook partnership are two that come to mind