Yelp official said that his party rejected the Google proposal. Google’s bid valued at $ 500 million apparently Yelp heartbreaking to approve acquisition agreement.
After last week’s intense discussions, which Yelp is a local business site in the end decided to reject the offer from the internet giant.
Companies based in San Francisco, California that tells Google that the acquisition offer was no longer interest them. Both closed mouth shut about the cause of no agreement.
“Yelp is not willing to comment in terms of private discussions,” writes Yelp spokeswoman Stephanie Ichinose via email.
Google parties represented Andrew Pederson also showed the same attitude and not willing to comment about the rejection he received.
“Although we are always talking to different companies about various things, we will not be willing to comment on rumors or speculation,” said Pederson was quoted as saying by News Factor, Tuesday (22/12/2009).
$ 500 million is not a big number for the company for Google. Of that sum, Google could reap greater profits by embracing a more specific users, especially aiming local businesspeople.
While Yelp’s business model has been recognized and successfully expanded its services even more. Yelp is a review site that connects businesses and Internet users with a variety of local businesses. Yelp allows business owners to design an account and post photos for free and offer a product or send a message to potential customers.
Mentioned Yelp can help Google told many advantages of the local advertising market. By buying Yelp, Google is synonymous with having one of the popular sites that store business information.
Since its launch in 2004, Yelp has made a profit of $ 30 million each year. The number of members of Yelp, called up in November Yelpers ago recorded approximately 26 million people.
Tue, Dec 22, 2009
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