Yelp Buying Euro Rival For $50M

Thinking global, Yelp has agreed to buy Qype -- its biggest European rival -- for about $50 million in cash and stock. With Qype, Yelp will be able to boast 93 million monthly unique visitors and 32 million reviews, Yelp’s CEO Jeremy Stoppelman said in a blog post. Reasons TechCrunch: “That should help Yelp compete better against the likes of Google, which combines its search, listings, user feedback and maps into a powerful product to rival that of Yelp’s.”

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