Yelp Inc., the consumer-review website, is working with Goldman Sachs Group Inc. to find a buyer, a person with knowledge of the matter said.
The $3.4 billion company, based in San Francisco, may draw interest from potential suitors including Priceline Group Inc., Yahoo! Inc., Amazon.com Inc. and Rakuten Inc., said the person, who asked not to be identified because the process is private.
Representatives for Yelp and Goldman Sachs declined to comment. The Wall Street Journal previously reported that Yelp is exploring a sale.
Yelp climbed 20 percent to $45.79 as of 2:45 p.m. in New York trading, after the Journal’s report. The comany went public in March 2012, pricing its shares at $15 each for a valuation of almost $900 million.
This article was written by Alex Sherman from Bloomberg and was legally licensed through the NewsCred publisher network.