Beijing on January 28th news, according to foreign media reports, on Wednesday, U.S. business review site Yelp announced that Elevation Partners won $25 million financing of private Holdings Company.
just a month ago there was news that Google plans to acquire Yelp, the two sides have started negotiations. A number of media reports said that the price of Google Yelp opened once reached $500 million.
, according to people familiar with the insider trading, through the purchase price of the shares of the Elevation Partners Yelp, Yelp valued at approximately $475 million. Elevation Partners also wants to buy 300 shares worth about $75 million to Yelp’s employees and other shareholders.
since its inception in 2004, Yelp has a total financing of $56 million.