Tech Selloff Makes Yelp to OpenTable Cheaper Targets: Real M&A

For potential buyers from Google Inc. to Facebook Inc., takeover targets just got cheaper.

The Standard & Poor’s North American Technology Internet Index has slumped about 20 percent in two months on investor concern that valuations for the fast-growing companies had gotten too frothy. The slide has made frequently mentioned takeover possibilities such as restaurant review site Yelp Inc. and reservation booker OpenTable Inc. more affordable, said Macquarie Group Ltd.