Yelp Working With Investment Bankers To Find A Buyer : WSJ

(RTTNews) - Yelp Inc. (YELP), the consumer-review website, is exploring a sale as the company at the top of many Internet search results struggles to post strong growth with users and advertisers. It is working with investment bankers and sounding out potential buyers, the Wall Street Journal reported citing people familiar with the matter.

A deal isn't imminent, and may not happen at all, the report said quoting the one of the people.

The $3.5 billion company, based in San Francisco, may draw interest from potential suitors including Priceline Group Inc., Yahoo! Inc., Amazon.com Inc. and Rakuten Inc., Bloomberg reported. Yelp went public in March 2012.

Yelp climbed 23 percent to $47.01 at the close in New York trading.

YELP closed Thursday trading at $47.01, up or $8.79 or 23.00%. However, in after hours, the stock dropped Down $0.44 or 0.94%.