Bidness ETC - Yelp CEO Gives His Remarks Over Google's Effort To Buy His Firm

Jeremy Stoppelman discussed Google Inc and Yelp Inc misery.

The trading mechanism came to a halt today when the stocks of Yelp Inc surged by 15 per cent. This has been reported by the Wall Street Journal when they stated that the company was looking for sale options. This is not the first time where earlier in 2009 the search engine giant, Google Inc. showed their interest in buying Yelp Inc for an approximated amount of $500 million. The buyout was actually in favor of the company boosting Google Inc (GOOG) products and services.

However the chief executive officer of Yelp, Mr. Jeremy Stoppelman is not really sure about selling “his baby” he mentioned while addressing the Associated Press. The late CEO of Apple Inc. Steve Jobs played an instrumental role in excluding him out of it.

The Business Insider asked several questions regarding the buyout to Mr. Stoppelman. They asked how the company felt when they were approached by Google Inc. To which Mr. Jeremy Stoppelman replied, that it was an extremely difficult decision for him since he is emotionally attached to the company calling it his baby. Despite the bond, the company had no other option since he wanted it to flourish where he knew this was the only opportunity.

The business insider also asked if they received a call from Steve Jobs during that time to which he said that Jobs was against Google Inc. He had his reservations with the company which was extremely obvious where he alleged Google’s operating system Android to steal ideas from their popular iPhone. He believed that Yelp had immense potential to grow and it would actually lose its charm if it associated itself with Google Inc.

However, there are always two sides to the coin that reveal a different story. So many sources in the past also claim that Google Inc was the one that actually suspended it. Google Inc and the other company were actually working on the details of the deal, but the soon information was leaked. Many accused Yelp officials to be behind this leak.

Hence nobody really knew what caused the mishap but Google Inc was initially really interested to have Yelp on its portfolio. The change in strategy caused problems for them and lack of communication added more to the commotion whereas Google Inc has completely different stories that state Apple is the root cause of the problem. So if these issues resolve then Yelp might be soon seen with Google Inc thriving and flourishing under the able leadership of Google Inc executives.