Yelp’s Turned Down Bids, Google Inc Launching First Tablet
Yelp (YELP): While Yelp CEO Jeremy Stoppelman turned down a $500M bid from Google (NASDAQ:GOOG) two years ago, the question now is whether the site turns out to be another Facebook (FB) or like Google’s YouTube, reports the Wall Street Journal. Yelp now has a market value of about $1.5B after its IPO last week. Groupon (NASDAQ:GRPN) turned down Google and is valued at about $12B. But YouTube took a $1.65B offer from Google several years ago and has grown by a factor of 40. Yelp may need a strong backer. It’s key source of website traffic now is Google.
Google Inc (NASDAQ:GOOG): A number of full-length episodes of Disney Channel (NYSE:DIS) shows have been posted to Google’s (NASDAQ:GOOG) YouTube recently as a programming deal cut last fall between the two companies has gone into force, reported AllThingsD. Also, according to sources, Google (NASDAQ:GOOG) is preparing to launch its first Nexus tablet, Fudzilla.com reports. The price may be in the $199-$249 range, and its main competitor will be Amazon’s (NASDAQ:AMZN) Kindle Fire, not the iPad (NASDAQ:AAPL). It is unclear whether Asus will manufacture the tablet.
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