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Yelp (YELP) Sale Process Said to Stall as CEO Changes Mind

July 2, 2015 12:52 PM EDT

(Updated - July 2, 2015 12:56 PM EDT)

Yelp (NYSE: YELP) sale process said to stall, according to Bloomberg.

UPDATE - Yelp is said to have had multiple suitors, but isn't pursing a transaction in the immediate future, according to sources.

The company may once again explore a sale if CEO Jeremy Stoppelman changes his mind.

Yelp spokesperson Kayleigh Winslow wouldn't comment on market speculation.

Yelp previously hired Goldman Sachs to explore alternatives.

Shares of Yelp are paused for volatility, but the stock is down around 8 percent.



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