Yahoo! Not Done Acquiring (Correction)
NEW YORK (TheStreet) -- Apparently all of that cash on Yahoo!'s
Goldman spoke at a investment conference, and continued to sound the horn that Yahoo! is not done acquiring companies in the mobile space. He noted "localization of the space," which sounds an awful lot like check-in services.
I've opined before that Yahoo! would acquire Yelp
Mayer has continuously alluded to the fact that Yahoo! needs "more personalized content and increased product innovation" to get the Internet giant back on track for Display revenue growth. Yelp isn't profitable yet, but revenue growth is soaring, up 68% year-over-year, according to Yelp's latest earnings report.
At a market cap approaching $1.8 billion, Yelp is now probably too big for Yahoo!, especially after the Tumblr acquisition, but that doesn't mean there aren't other alternatives.