Local business information platform Yelp plans to acquire auto services platform RepairPal for about $80 million in cash.
Yelp's advertising revenues in its Services categories rose 11% year over year to reach a record $228 million in the third quarter.
The acquisition of RepairPal will expand Yelp's offerings in the multi-billion-dollar U.S. auto services advertising vertical.
RepairPal's platform provides estimates for common repairs tailored to location and vehicle make/model, helping customers to avoid overpriced service costs.