Yelp acquires Hatch, which charges a monthly fee for AI-powered agents that can respond to customer inquiries and make appointments, for $300M
Yelp acquires Hatch, which charges a monthly fee for AI-powered agents that can respond to customer inquiries and make appointments, for $300M
Recommendation app Yelp on Wednesday said it agreed to acquire AI agent startup Hatch for $300 million, or roughly 12 times the startup's annual recurring revenue.
Yelp agrees to buy RepairPal, a site for car repair estimates, for $80M in cash, with the deal expected to close by the end of 2024; RepairPal had raised $21.3M
Yelp delivered record net revenue and strong profitability in the third quarter, with a net income margin of 11%.
Sources: activist investor TCS Capital, which owns 4%+ of Yelp's common stock, urges the recommendation site to explore strategic alternatives, including a sale
Lauren Thomas / Wall Street Journal :
Yelp will double the number of restaurants offering Grubhub delivery to over 80K on its website and app, in deal completing the acquisition of its Eat24 service
Grubhub wants to be the dominant meal-delivery business for Americans — Grubhub Inc. GRUB -.32% and its rivals say they need …
Google is selling US restaurant review guide Zagat, which it bought for $151M in 2011, to restaurant review company The Infatuation for an undisclosed sum
The guidebook was once a go-to source for restaurant recommendations Greg Sterling / Search Engine Land : Google selling Zagat to restaurant recommendations site The Infatuation Adnan Farooqui / Uberg...
Yelp says GrubHub is acquiring its Eat24 delivery service for $287.5M; reports Q2 revenue of $208.9M, up 20% YoY; stock up 18%+ after hours
Matthew Lynley / TechCrunch :
Yelp acquires restaurant waiting list tech startup Nowait in a $40M all-cash deal; Pittsburgh-based Nowait had raised around $22M in total
Yelp has acquired restaurant technology startup Nowait in an all-cash deal valued at $40 million. — Founded out of Pittsburgh in 2010 …
Sources: Square discussed selling Caviar with Uber, GrubHub, and Yelp in talks from late 2015 to early 2016; proposed price of $100M was rebuffed
and still has. http://qr.ae/8QuxFi http://twitter.com/... Anand Sanwal / @asanwal : @DelRey @Techmeme this acquisition made zero sense from day 1. Pointless fad chasing
Yelp Buys Delivery Network Eat24 For $134M To Ramp Up In Food Operations
Another acquisition for Yelp that will take the local listings company even deeper into commerce and food-related services. It's gobbling up Eat24, a U.S. food delivery business that competes with Gr...