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Price Tag for Zagat: $125 Million, Google Buys Restaurant Review Guide Zagat

Google

Google announced on Thursday that it has purchased restaurant review guide Zagat, stepped up its battle for the local reviews and advertising market. The deal could also help Google establish its travel-search business.

Google Inc.’s purchase of restaurant review company Zagat Survey LLC will set the U.S. company back $125 million, a source told a New York newspaper.

Google previously explored buying Yelp (offered $500 million) and the discount buying service Groupon (offered $5.3 billion), although talks in both cases ended without a deal.

Zagat Survey - Restaurant Review Company

Zagat Survey, which was founded in New York over 30 years ago and provides reviews of restaurants in more than 100 cities around the world.

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Social Guy is a tech buff, online entrepreneur and social animal. He is best-known as the Editor-in-Chief of SOCIABLE, the world’s leading social media news source. Social Guy's 7+ year career with SOCIABLE began when he joined as a blogger in August 2007. Guy’s work has been quoted or featured in media such as ZDNet, Examiner, Marketwatch, PC Magazine, Wired, CNET, and The New York Times.