Yelp shares drop on report of stalled sale process
Shares of Yelp Inc. fell further after being halted following a report that the consumer-review website was holding off on pursuing a sale of the company. Yelp shares were halted briefly following an 8% drop, and were down 14% at $36.77 after trading resumed. Bloomberg reported Yelp's CEO Jeremy Stoppelman has decided to hold off on a possible sale despite the interest of several suitors.
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