Monday, February 1, 2010

Bono Buys Into Yelp

By Kathleen Richards
Mon, Feb 1, 2010 at 10:41 AM

It’s not just Google who wants a piece of Yelp. Elevation Partners, of which U2 singer Bono is a partner in, announced last week that it’s investing $25 million into the SF-based user-generated review site. According to the San Francisco Business Times, Elevation Partners will buy $25 million worth of preferred stock in Yelp, and eventually increase its total investment to $100 million.

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