Yelp Announces Acquisition Of Eat24

Yelp Inc. announced Tuesday that it has acquired Eat24, an online food ordering service, in a transaction valued at about $134 million. The transaction, which closed Monday, consists of about 1.4 million shares of Yelp Class A common stock and $75 million cash. Yelp also increased its first-quarter revenue outlook to a range of $118.5 million to $120.5 million and its full-year outlook to a range of $574 million to $579 million.