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Yelp to sell Eat24 for $287.5 million, authorizes share repurchase

SAN FRANCISCO (Reuters) - Yelp Inc (YELP.N) said on Thursday it would sell its Eat24 business to Grubhub (GRUB.N) for $287.5 million in cash, news along with better-than-expected quarterly revenue that drove its shares up more than 18 percent.

The consumer review website operator also said its board had authorized a $200 million share repurchase program.

Shares of Grubhub, meanwhile, fell 7 percent in extended trade. The online food delivery platform...


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