Yelp announces 50 million dollar takeover of European rival Qype

Sina Science and technology news Beijing time October 24, comments and referral services Yelp today announced it has bought its European rival, Qype, 50 million dollars. This means that Yelp has accelerated the pace of international expansion, shifting its focus to Germany, Britain, France, Switzerland, Austria, Ireland, Poland, Spain and Italy. The deal was announced along with Yelp's third quarter initial performance report, which will bring 200多万条 comments from 13 countries to Yelp. Yelp also wants to rely on Qype 15 million per month of independent user access. At present, Yelp itself has more than 78 million access users. Qype was founded in Germany in 2006 and later expanded to a number of European cities. Like Yelp, it offers a dedicated iphone app for users to discover and access local businesses. The company "doesn't want to spoil the user experience, so we will carefully integrate our products and start with mobile apps," said Yelp CEO Jeremy Stopelman Jeremy Stoppelman. "Yelp expects revenue to reach $36.4 million trillion in the third quarter of this year, with a net loss of $2 million. The full earnings will be released on November 1. (Ice Rock)