Yesterday TechCrunch apparently erroneously reported that Google paid less than $66 million for Zagat, using acquisition price thresholds in the Hart-Scott-Rodino Act. Independently I told someone yesterday that I would be very surprised if the deal was less than $50 million at rock bottom.
Today the Wall Street Journal is reporting that the deal was worth $125 according to informed sources:
Google Inc. paid around $125 million to buy restaurant-reviews company Zagat Survey LLC, said a person familiar with the matter…
Marissa Mayer, a Google executive, declined to comment on the purchase price. Zagat previously has said it was valued at $125 million in an investment round 11 years ago.
The deal wasn’t reviewed by the Federal Trade Commission, said the person familiar with the matter.
I don’t know how one reconciles the $66 million review threshold with the WSJ report of a $125 million acquisition price. However I believe the WSJ report of $125 million is more accurate.
September 10th, 2011 at 4:11 pm
[...] antitrust review — because the deal had closed without any review. The Wall Street Journal said the deal was worth $125 million (which I tend to [...]
September 11th, 2011 at 5:54 pm
MM or M ?
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“WSJ: Google Paid $125MM for Zagat”
September 21st, 2011 at 1:50 pm
[...] Google has since complied with Yelp’s request and purged all third party reviews from Google Places, resulting in the necessary acquisition of Zagat Ratings for a reported $125 million. [...]