Yelp shares slipped on Thursday afternoon amid reports the company's sale process had stalled.
Following a trading halt around 12:50 p.m. ET, the stock fell after it reopened approximately 10 minutes later. It closed the day about 10 percent lower.
The online review company has, for the moment, decided not to pursue a sale after previously hiring Goldman Sachs to find a buyer, Bloomberg reported Thursday, citing sources. Yelp has received interest from potential suitors but will hold off on a sale for the "immediate future," according to the report.