March 1, 2017 / 12:14 PM / 5 months ago

BRIEF-Yelp acquires leading restaurant waitlist service Nowait

1 Min Read

March 1 (Reuters) - Yelp Inc

* Yelp acquires leading restaurant waitlist service Nowait

* Yelp Inc - deal for $40 million

* Yelp Inc - transaction was approved by boards of directors of both companies

* Yelp Inc - $40 million acquisition of entirety of Nowait will be paid in cash, and includes partial stake which yelp acquired previously

* Yelp Inc - purchase price of deal will be reflected in Yelp's Q1 2017 financial statements Source text for Eikon: Further company coverage:

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