Prior to the open, Yelp (YELP) completed the sale of Eat24 to GrubHub (GRUB). The deal brings in $287.5 million in cash for Yelp and allows the consumer review site to focus on partner transactions on the platform versus developing online food ordering services to compete with GrubHub and Amazon (AMZN). As part of the deal, Yelp will partner with GrubHub to bring online ordering to GrubHub's 75,000 local restaurant network to the Yelp platform. Yelp is worth about $3.7 billion with a cash balance of $800 million prior to any Q3 cash flows and a share repurchase. The EV is only $3 billion now with a revenue target of $1 billion for 2018. The revenue estimates are influx as Yelp loses the low margin EAT24 sales for high margin fees from GrubHub. The numbers could see some hiccups in Q4 as the switch takes place, but any dip would be a buying opportunity. More research: Yelp: Incredible Quarter Disclosure: Long YELP