2/21/2010

Yelp in no hurry to market has rejected Google / Microsoft acquisition of high-priced

U.S. Business Review website Yelp CEO Jeremy Stoppelman said recently that, Yelp for at least the next few years would not be listed.

Stoppelman said, Yelp will not be available for at least a few years. He said: "This year will definitely not be listed. In 2011, who knows. But if they can be avoided, why should they rush it listed."

End of last year there is news that Google had bid 550 million U.S. dollars acquisition of Yelp, but was refused. The company has bid more than 700 million U.S. dollars acquisition of Yelp, the same can not wish fulfilled.

Later, Yelp selected in cooperation with investment firm Elevation Partners, which received 100 million U.S. dollars to inject capital, the transaction will Yelp priced 475 million.

Stoppelman said at the time: "Yelp have the opportunity to become the world's greatest online brand, this is an opportunity."