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Google Near $500M Deal to Swallow Yelp

Site that lets users review local biz part of shopping spree
By Will McCahill,  Newser Staff
Posted Dec 17, 2009 9:22 PM CST

(Newser) – Google is on something of a shopping spree, and its next acquisition looks to be Yelp, the site that allows users to post reviews of local businesses. The price for fast-growing Yelp is in the $500 million range, TechCrunch reports tonight—a hefty jump from its $200 million valuation early in 2008. It’s not done yet, Michael Arrington cautions, but one source puts the likelihood at 80%.
(Read more Google stories.)

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