Yelp Acquires Qype for $50 Million

Yelp has been getting a lot of press lately due to its new integration with iOS 6. Today, it's been announced that the public reviews site is biting into more than just Apples: Yelp has acquired Qype, the largest reviews service in Europe, for $50 million.

"With its strong local content in key markets like Germany and the United Kingdom, we believe that Qype will help Yelp become the de facto choice for local search in those markets," said Yelp CEO Jeremy Stoppelman. Read More