Google in talks to acquire Yelp

Google Inc., owner of the world’s most popular Internet search engine, is in talks to acquire Yelp Inc. for more than $500 million, a person familiar with the discussions said.

The timing of a deal hasn’t been determined, said the person, who requested anonymity because the talks aren’t public. Matt Furman, a spokesman for Mountain View, California-based Google, declined to comment.

Google, which agreed to buy AdMob Inc. for $750 million last month, is stepping up acquisitions after a lull during the recession. San Francisco-based Yelp, a Web site that runs user- written reviews of restaurants and other businesses, would give Google a new source of local content.

Google rose $4.18 to $598.12 to 1:22 p.m. New York time in Nasdaq Stock Market trading. The shares have almost doubled in value this year.

The technology blog TechCrunch reported the negotiations earlier.

Just Posted

SF’s newest subway may emerge on the West Side

San Francisco’s sleepy West Side — from the Richmond District to Parkmerced… Continue reading

Treasure Island residents could win new displacement protections

Supervisor working to give all current residents a chance to move into new development

Bay Bridge fire blocks Friday night traffic

UPDATE 11:35 p.m.: The fire is out, Caltrans is reporting. Three of… Continue reading

SF lawmaker proposes car-free Tenderloin streets

Proposal comes after a spate of traffic deaths in the neighborhood.

SF to open seventh job center in ‘overlooked’ neighborhoods

Oceanview, Merced Heights, Ingleside area has unemployment rates much higher than the city average

Most Read