Zagats Settle Up, Put Company for Sale
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Monday January 14, 2008
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Word has it, Zagat is for sale. At a mere $200 million, it'll be interesting to see who snaps it up. Read Gothamist's article on the subject...
Tim and Nina Zagat, whose eponymous ratings guide started in 1979 as a two-page typed list of New York restaurants, are putting their baby on the market. Insiders peg the company’s worth at $200 million; the Times thinks the brand will prove attractive to companies like AT&T, who could use it to build exclusive mobile phone content.
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