Despite news last week that Google Inc. was in talks with online review service, Yelp Inc., about a possible buyout, the word is out today that the venture-backed target has abandoned discussions.
Though there are no specifics as to why Yelp killed the deal, reports are saying that it was Yelp CEO Jeremy Stoppelman and the company’s high-powered VC investors that balked at the possibility of a third party like Microsoft Corp or Yahoo! Inc. interloping and pushing some sort of partnership.
Stocks of Google were up $1.49, or 0.25%, to $597.91.
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