Yelp (NYSE:YELP) is about to add a new asset to its portfolio. The company announced that is has inked an agreement to acquire SeatMe, which Yelp describes as "an exciting tech start-up that has developed a web and app-based solution to enable online reservations for restaurants and nightlife locations." The terms of the deal were not disclosed.
In the press release heralding the news, Yelp waxed enthusiastic about the potential synergies of the acquisition. It said that "we can further enhance the consumer experience by extending the convenience of easy, online reservations directly through Yelp to thousands of currently unserved businesses."
Fool contributor Eric Volkman has no position in Yelp. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.