Yelp to sell Eat24 for $287.5 million, authorizes share repurchase

Yelp to sell Eat24 for $287.5 million, authorizes share repurchase

7 years ago
Anonymous $Gu9VYqcl-R

https://www.reuters.com/article/us-yelp-results-idUSKBN1AJ2VP

Yelp Inc said on Thursday it would sell its Eat24 business to Grubhub for $287.5 million in cash, as it posted revenue that beat expectations, news that sent Yelp's shares up 19 percent.

Yelp to sell Eat24 for $287.5 million, authorizes share repurchase

Aug 3, 2017, 10:11pm UTC
https://www.reuters.com/article/us-yelp-results-idUSKBN1AJ2VP >Yelp Inc said on Thursday it would sell its Eat24 business to Grubhub for $287.5 million in cash, as it posted revenue that beat expectations, news that sent Yelp's shares up 19 percent.