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Yelp working with Goldman Sachs to find a buyer: source

Friday, May 8, 2015 - 06:41
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Yelp Inc, the consumer-review website, is working with Goldman Sachs Group to find a buyer, a person with knowledge of the matter said.

[NEW YORK] Yelp Inc, the consumer-review website, is working with Goldman Sachs Group to find a buyer, a person with knowledge of the matter said.

The US$3.4 billion company, based in San Francisco, may draw interest from potential suitors including Priceline Group Inc, Yahoo! Inc, Amazon.com Inc. and Rakuten Inc, said the person, who asked not to be identified because the process is private.

Representatives for Yelp and Goldman Sachs declined to comment. The Wall Street Journal previously reported that Yelp is exploring a sale.

Yelp climbed 20 per cent to US$45.79 as of 2:45 pm in New York trading, after the Journal's report. The comany went public in March 2012, pricing its shares at US$15 each for a valuation of almost US$900 million.

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