Yelp backs out of Google's $500 million deal

Last week we reported that Google was set to acquire Yelp for a sweet $500 million.

According to TechCrunch, Yelp CEO Jeremy Stoppleman walked away from the deal this weekend just as it was reaching the later stages of negotiation. TechCrunch speculates that another company may have approached Yelp for a strategic deal that would urge Stoppleman to back away from the Google deal.

Yelp is a website that allows members to review local businesses from local nightlife, shopping centers to restaurants and religious organizations. Users can submit reviews and ratings on their experience for other curious shoppers to see. Yelp is available in The United States, Canada and the United Kingdom, which offers location services to find places near you.

Yelp was founded in 2004 and quickly grew to 9 million unique visitors a month, according to Comscore, but Yelp claims that the numbers are around 25 million unique visitors a month.

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On some othersites [mashable] the commenters take such a warped view of this action. HOW DARE someone say no to Google. They obviously don't know what they're doing and Google should make thier own version of Yelp and crush them or Yelp is going to fade away to nothing. Who knows what actually happened. Maybe Google showed them what they planed to do with Yelp and they decided that it would destroy what Yelp is about or they could do it better themselves or they could make similar deals for less money with more companies.Who knows what happend, but it should almost ever be held against a company for saying no to google or taking thier product ond going home,(unless your the JooJoo).

ivan300 said,
Im thinking the "other" company might be Microsoft.

Cool - google can probably make their own company called "Gulp" for half the price and twice as good

Tekkerson said,
^That's not true, I like to have uniformed services. Aka google voice, mail, office, maps, all integrated into one :)

Maybe you like a single company to provide you all services. However, putting all information into one basket is not what everyone likes.

Tekkerson said,
^That's not true, I like to have uniformed services. Aka google voice, mail, office, maps, all integrated into one :)


Right, and if in the future they decide to just kick you out for god knows what reason and or start charging a fee for those services because, hell, they have you locked in already, we'll see how much you like it then.

How is buying one company putting "all" the information into one basket? Just because google has bought a lot of businesses before doesn't mean they can control everything in the U.S. Just like Microsoft can't control everything knowing how much of a big company they are as well.

dvb2000 said,
Cool - google can probably make their own company called "Gulp" for half the price and twice as good :)

The only thing Google has been good at doing from the ground up was the search engine. Everything else has been a failure.

Tekkerson said,
How is buying one company putting "all" the information into one basket? Just because google has bought a lot of businesses before doesn't mean they can control everything in the U.S. Just like Microsoft can't control everything knowing how much of a big company they are as well.

The original comment was "Last thing we need is Google buying up the whole internet."

So yes, the premise on which it was based was that everything would be controlled by Google.

GP007 said,
Right, and if in the future they decide to just kick you out for god knows what reason and or start charging a fee for those services because, hell, they have you locked in already, we'll see how much you like it then.


That sounds more like something Microsoft would do, based on their history, than Google.

BigBoobLover said,
That sounds more like something Microsoft would do, based on their history, than Google.


If you feel safe in thinking Google is great and can do no evil like they want everyone to think, go ahead.

GP007 said,
If so I say good. Last thing we need is Google buying up the whole internet.


Anti-trust regulators are doing a pretty decent job these days. They will ensure google does not end up owning the entire internet.