Yelp, the renowned platform for restaurant reviews in America, has announced the acquisition of RepairPal, a platform for car repair services, with a whopping $80 million deal paid entirely in cash. The transaction is expected to be completed within this year.
Despite this deal may seem unrelated, Yelp has been expanding its business into the maintenance and repair services sector, facilitating users to find and connect with home repair technicians. Moreover, with the addition of search and various business listings, Yelp’s automotive repair information service can complement the growing business ventures, including advertising on the platform.
Yelp has disclosed that all RepairPal employees, including management, will join forces with Yelp moving forward.
TLDR: Yelp acquires RepairPal platform for car repair services in an $80 million all-cash deal, expecting to integrate and expand its business offerings successfully.
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