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.