Yelp Inc. has completed its acquisition of Hatchify Inc. through a merger with Hargrove Merger Sub, Inc., a wholly owned subsidiary of Yelp. Following the merger, Hatchify becomes a wholly owned subsidiary of Yelp. The transaction involved the conversion of all outstanding capital stock and options of Hatchify into the right to receive a total of approximately $270 million in cash, subject to customary post-closing adjustments. In addition, Yelp will provide continuing Hatchify employees with retention packages valued at approximately $30 million, payable over two to three years. Part of the funding for the deal was secured through Yelp’s revolving credit facility with JPMorgan Chase Bank and Wells Fargo Bank.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yelp! Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001345016-26-000007), on February 06, 2026, and is solely responsible for the information contained therein.