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Wouldn’t Foursquare make more sense as a much much cheaper acquisiton if none of the things actually driving most of Yelp’s value don’t matter? Yelp is still va
by skinnymuch 8y ago
Wouldn’t Foursquare make more sense as a much much cheaper acquisiton if none of the things actually driving most of Yelp’s value don’t matter? Yelp is still valued at close to $3B. If it recovers half of what it lost, Apple would have to pay close to $4B for Yelp. If it doesn’t recover at all, still talking over $3B.
While Foursquare wouldn’t even be for $1B. It was last valued at $300M 3 years ago and just raised money again. So at worst it’s 4x cheaper. At best, 5x or 6x cheaper. The business model probably fits better too with having an enterprise package with Apple Maps.