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Thursday, 27 October 2011 - Google paid $151 million for Zagat: filing |
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Related Topics Technology » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » A Zagat restaurant guide book is pictured in Los Angeles September 8, 2011. Credit: Reuters/Fred Prouser By Alexei Oreskovic SAN FRANCISCO | Wed Oct 26, 2011 6:58pm EDT SAN FRANCISCO (Reuters) - Google Inc paid $151 million in cash to acquire popular restaurant review guide Zagat in September, the Internet company said in a regulatory filing on Wednesday. The acquisition, which added a valuable brand to Google's content offerings and bolstered its push into the local commerce market, was one of 57 deals completed by the Web search company in the first nine months of 2011. Google, the world's No.1 Internet search engine, has been acquiring companies at a rapid clip, as it moves to expand into new markets and adapt its product to a world in which consumers increasingly rely on mobile devices and social networking services to access the Internet. Google also acquired Daily Deals, a privately held, German online coupon company, for $114 million in cash in September, Google said in the filing with the U.S. Securities and Exchange Commission. And it completed the acquisition of ITA Software for $676 million in cash in April. Google said it completed 54 other acquisitions and purchases of intangible assets during the first nine months of 2011 for roughly $502 million. During that same period in 2010, Google completed 37 deals for $626 million, excluding the acquisitions of Slide, AdMob and On2 Technologies, for which Google paid a combined $983 million. Google announced its acquisition of Zagat Survey, which polls consumers and compiles reviews about restaurants, hotels and other businesses around the world, in September, but did not disclose a price at the time. Google's largest deal to date, the planned $12.5 billion acquisition of mobile phone maker Motorola Mobility Holdings Inc is pending regulatory approval. Google has said it expects the deal, announced in August, to close later this year or early in 2012. (Reporting by Alexei Oreskovic; editing by Andre Grenon) Technology Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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