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Yelp Skids 10 Percent Amid Report of Stalled Sale Plans

Yelp shares slipped 10 percent on Thursday afternoon amid reports the company’s sale process had stalled.

The online review company has, for the moment, decided not to pursue a sale after previously hiring Goldman Sachs to find a buyer, Bloomberg reported Thursday, citing sources. Yelp has received interest from potential suitors but will hold off on a sale for the “immediate future,” according to the report.

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This article originally appeared on Recode.net.

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