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

SAN FRANCISCO (Reuters) - Yelp Inc said on Thursday it would sell its Eat24 business to Grubhub for $287.5 million in cash, as it posted revenue that beat expectations, news that sent Yelp's shares up 19 percent.

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