at& t getting into local. directories have been a great business for them and its interesting to see them fighting so aggressively on this piece of business. personally, the mobile apps will probably win local search….
so, as it heats up. yelp raisies addiional capital
Elevation Commits Up to $100 Million
Co-founder Marc Bodnick Joins Yelp Board of Directors
SAN FRANCISCO, Jan. 27 /PRNewswire/ — Yelp (http://www.yelp.com), the community-led local search site, today announced that private equity firm Elevation Partners has agreed to make a $25 million investment in Yelp through the purchase of Series E preferred stock. Elevation Partners will also seek to increase its total investment in Yelp to $100 million through a planned purchase of shares from vested employees and other eligible shareholders. The details of the offer to purchase are expected to be announced to qualified participants in the near future.
while foursquare chief geek tells us where they think its going