M&A Deal Summary

Yelp Acquires Eat24

On February 10, 2015, Yelp acquired internet software and services company Eat24 for 134M USD

Acquisition Highlights
  • This is Yelp’s 5th transaction in the Internet Software and Services sector.
  • This is Yelp’s largest (disclosed) transaction.
  • This is Yelp’s 2nd transaction in the United States.
  • This is Yelp’s 2nd transaction in California.
Investment Fate
  • Eat24 was divested to a consortium of strategic buyers in 2017.

M&A Deal Summary
Date 2015-02-10
Target Eat24
Sector Internet Software and Services
Buyer(s) Yelp
Deal Type Add-on Acquisition
Deal Value 134M USD

Target

Eat24

San Bruno, California, United States
Eat24 was founded in 2008 to expand online food ordering while providing an improved customer experience. Eat24 provides approximately 20,000 restaurants in over 1,500 cities nationwide with the ability to offer online delivery and takeout services.

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Buyer(S) 1

Buyer

Yelp

San Francisco, California, United States
Category Company
Founded 2004
Sector Internet Software and Services
Employees4,713
Revenue 1.3B USD (2023)
DESCRIPTION
Entrance to Yelp's corporate headquarters in downtown San Francisco, California.
Entrance to Yelp's corporate headquarters in downtown San Francisco, California.

Yelp is a web-based software platform that connects people with local businesses. Yelp allows users to review businesses and locate a variety of local services. Yelp was founded in 2004 and is based in San Francisco, California.

DEAL STATS #
Overall 5 of 8
Sector (Internet Software and Services) 5 of 6
Type (Add-on Acquisition) 4 of 7
State (California) 2 of 3
Country (United States) 2 of 4
Year (2015) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-28 Cityvox SAS

Paris, France

Cityvox is a French online review site specializing in restaurants and nightlife.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Nowait

Pittsburgh, Pennsylvania, United States

Nowait, Inc. is a restaurant technology company with the industry’s waitlist system and seating tool. Nowait, Inc. was established in 2010 and is headquartered in Pittsburgh, Pennsylvania.

Buy $40M
Mergr

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