Market Overview

Yelp Acquires Qype

Yelp (NYSE: YELP) today announced it has acquired Qype, Europe's largest local reviews site. Qype was acquired to accelerate Yelp's international expansion, bringing more than two million reviews and 15 million unique visitors per month across 13 countries.  

"I am excited to welcome Qype's employees and users to Yelp. We have built a solid foundation in Europe and this acquisition should significantly increase our international presence. With its strong local content in key markets like Germany and the United Kingdom, we believe that Qype will help Yelp become the de facto choice for local search in those markets," said Jeremy Stoppelman, Yelp co-founder and chief executive officer. "Qype's established European sales force will also bring more local business owners into the Yelp ecosystem, which in turn will bolster our mission to connect people with great local businesses all over the world."

"We're excited to join forces with Yelp, the premier brand in local search," said Ian Brotherston, Qype's chief executive officer. "Like Yelp, Qype is committed

See full press release

Posted-In: News Guidance Financing Contracts Management M&A Global

 

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