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Yell
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The Independent newspaper in the U.K. reported today that a ``market source heard talk of a 500 pence-per-share bid'' for Yell by Google. Spokespeople for Yell and Google couldn't be reached immediately to comment.
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In a move that surely represents the beginning of a broader, European expansion of Google’s local strategy, Google Local UK has launched with results from Yell.com. The look and feel are the same as Google Local in the U.S., except that Keyhole mapping is not part of the offering at this time.
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Yell said it was on track to meet full-year expectations as it posted a 21% rise in first- quarter underlying earnings amid the tough U.S. trading. Yell reiterated it expects full-year organic growth in its U.S. arm of 3%.
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Due to the dot.com crash of 2001, BT restructured and agreed to sell the now seperated Yell.com to Apax Partners and Hicks, Muse, Tate & Furst for £2.14 billion/$3.5 billion,[5] making it then the largest non-corporate LBO in European history. Yell later bought US directories publisher McLeodUSA for about $600 million, and floated on London's FTSE in 2003.
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Yell is Shetland's second largest island, a rough rectangle measuring about 17 miles north to south by 6 miles east to west. The population in 1991 was just over 1000, down from a maximum of over 2600 at the time of the 1841 census.
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Yell rose as much as 4.4 percent, the biggest increase since Dec. 10. The stock climbed 5.50 pence, or 1.7 percent, to 331.25 pence at 8:37 a.m. in London, valuing the company at 2.6 billion pounds ($5.1 billion).
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