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There's probably a legal agreement at Yelp that specifies what percentage of stockholders must agree in order to sell. It's unlikely the investors have enough e
by staunch 16y ago
There's probably a legal agreement at Yelp that specifies what percentage of stockholders must agree in order to sell. It's unlikely the investors have enough equity to force a sale. That's irrelevant though. Even if it was possible Yahoo would not purchase Yelp if all the key employees where vehemently opposed.
- jan_g 16y agoSo, if one smaller part of shareholders couldn't force a sale to Yahoo, then why larger part of shareholders couldn't force a sale to Google? As I understand, management was all for Google.
- deleted 16y ago[deleted]
- staunch 16y agoThe board of directors at Yelp has representatives from both the management and the investors. The board probably needs a majority (or unanimous) consent in order to sell.