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Yelp Grabs Food Delivery Startup Eat24 For $134M

As Facebook continues to encroach on its local directory business, Yelp is looking to expand into other areas. This week, the public company announced the acquisition of Eat24 -- a U.S. food delivery business. “Yelp is paying $134 million for Eat24, with $75 million in cash and the rest in Yelp shares,” TechCrunch reports. “It will give [Yelp] more contact points with restaurants, [and] it will help the company shore up its core listings business with another revenue stream.”

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