Google Close to Acquiring Yelp for Half A Billion Dollars
by wildcherry on Sunday, December 20th, 2009 | News, Tech/Gadget
Google is very close in acquiring Yelp. While the deal isn’t done, we’ve heard that it’s very likely to close. The price is supposedly at least $500 million.
Yelp was founded in 2004 as a way to let users leave reviews on local businesses. Comscore puts worldwide traffic at nearly 9 million monthly unique visitors, and it has been growing fast – the company says it’s real numbers are more like 25 million monthly uniques.
Yelp has whispered that 2009 revenues will be around $30 million and are expecting $50 million or so in 2010.
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