Tuesday, December 22, 2009

Who Walked, Google or Yelp? - Bits Blog - NYTimes.com

Big stakes poker

It seems apparent, based on conversations with multiple sources, that after the two sides tentatively agreed on a deal, Yelp came back to Google saying it had received a higher offer from another party. Why Yelp didn’t take that offer, which the sources said was in the vicinity of $750 million, is a bit of a mystery. The people who said Yelp walked away from the deal implied that there wasn’t a good fit with the other company. However, as Anthony Alfonso, president of Trenwith Valuation, told Claire Cain Miller, some of Yelp’s actions may have been an exercise in brinkmanship.

Who Walked, Google or Yelp? - Bits Blog - NYTimes.com

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