So Yelp.com says no to being bought out by Google for $550 Million  Blimey, the CEO has got balls of steel. But what makes it worth so much, and why did the CEO, Jeremy Stoppleman turn it down? The business reports to make $30 million per year from one report I saw, so how does that translate to a half a billion asking price? It's a crazy world...
“But what makes it worth so much, and why did the CEO, Jeremy Stoppleman turn it down?” Was reading an article somewhere that Google's price is based on Yelps database, as Google wants to incorporate a huge review based database into their local search. There was also an interesting theory that maybe the CEO turned down the offer due to contractual commitments to previous rounds of Venture Capital Funding, which have been around $31 million No doubt the truth will emerge in the New Year  So how long before we see the Google logo on My Local Services?  |
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