Gawkwire: Web Hosting and Internet News Resource: Yelp Walks Away From Google Deal

Yelp Walks Away From Google Deal
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Michael Arrington (TechCrunch) on 19 December, 2009 07:07:00
 
(TechCrunch) Jeremy Stoppleman, the CEO of Yelp, has walked away from an
all-but-signed deal to be acquired by Google for more than half a billion
dollars.
The deal was, as we wrote late last week, in the later stages of negotiation.
The two companies had agreed on a price – around $550 million plus earnouts
– and were working through the final details of the acquisition.
Then something happened that made Yelp reconsider the deal. Over the weekend
they notified Google that they were not going to sell, say multiple sources.
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