Around the Net
Yelp Buying Euro Rival For $50M
- Tech Crunch, Wednesday, October 24, 2012 12:15 PM
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.”
