Yelp's market cap is $2.9 billion, a sale could fetch more than $3.5 billion.
The Wall Street Journal is reporting that Yelp is working with investment bankers and has “been in touch with potential buyers” to explore a sale of the company. Yelp's market cap is $2.9 billion, a sale could fetch more than $3.5 billion sale range.
Before Yelp went “public,” Google unsuccessfully tried to buy the company for more than $500 million. It would be interesting to see if Google gets involved in any bidding that could happen… if this is a legitimate story. Apple also has a connection with Yelp. It is sat to imagine that would imagine that would make Apple a serious contender to purchase Yelp, as well. Other companies that are possibly in the mix are Microsoft, Yahoo, and Facebook. This is also accompanied with Travel companies given the review format of Yelp.
Last quarter Yelp reported revenues of $118.5 million. That represented 55 percent revenue growth. Given these numbers, investors, were not satisfied with these numbers. If Yelp is going on market, I would wonder if this signifies the long term ability to “Stay” in the mix with review sites.
We all know that advertising has changed the face or the net…just try to watch a video on YouTube. Search sites have also taken advantage of this. So how has Yelp shown such revenue growth? Yelp disclosed it had 90,000 local advertisers, 77 million reviews (total), and 142 million users in its Q1 earnings release.
Before Yelp went “public,” Google unsuccessfully tried to buy the company for more than $500 million. It would be interesting to see if Google gets involved in any bidding that could happen… if this is a legitimate story. Apple also has a connection with Yelp. It is sat to imagine that would imagine that would make Apple a serious contender to purchase Yelp, as well. Other companies that are possibly in the mix are Microsoft, Yahoo, and Facebook. This is also accompanied with Travel companies given the review format of Yelp.
Last quarter Yelp reported revenues of $118.5 million. That represented 55 percent revenue growth. Given these numbers, investors, were not satisfied with these numbers. If Yelp is going on market, I would wonder if this signifies the long term ability to “Stay” in the mix with review sites.
We all know that advertising has changed the face or the net…just try to watch a video on YouTube. Search sites have also taken advantage of this. So how has Yelp shown such revenue growth? Yelp disclosed it had 90,000 local advertisers, 77 million reviews (total), and 142 million users in its Q1 earnings release.
