Looks like the other offer was Microsoft. According to Peter Burrows at BusinessWeek, Yelp had “a bid north of $700 million from Microsoft.”
Yelp turned down both offers, taking a $100 million investment from Elevation Partners that values the company at $475 million.
Yelp CEO Jeremy Stoppelman explains to Peter why he turned down the offers: “Yelp has the chance to become one of the great Internet brands…That for me is the chance of a lifetime.”
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