Yelp Gives Qype 5 Stars, Buys It

Yelp allows users to connect with local businesses that are rated on a 5-point scale. Site visitors review businesses as well as giving details about businesses addresses, hours, and credibility. The acquisition of the popular European review site, Qype, brings Yelp more than 2 million reviews and 15 million unique visitors across 13 countries. The company acquired Qype for approximately $50 million.

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Tags: europe, m&a, media, online
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