IAC Adds More Local Emphasis By Acquiring Urbanspoon

3 Comments

imageOnline restaurant guide Urbanspoon is now part of the IAC (NSDQ: IACI) portfolio, adding more local flavor to the mix with Citysearch. The acquisition was announced this morning with the company’s Q1 earnings but actually took place Feb. 13; no financial details were disclosed but IAC has been vocal about staying with tuck-in acquisitions and I believe this one to be in the low double-digit millions. (That would be far below IAC’s $100 million self-imposed limit.) Release.

Seattle-based Urbanspoon was cofounded in 2006 by Ethan Lowry, Adam Doppelt and Patrick O

3 Comments

Staci D. Kramer

Thanks for being such a careful reader. As a general rule, if I don't think I have reason to say something here, I don't. If my other queries turn up more detail, I'll put it here, and if my information was wrong, I'll note that here as well just as I would point it out if I were guessing (which is not a term I used today). And if you have more than a guess please feel free to share — staci AT paidcontent.org — always happy to hear more.

craig

Ok IAC, I officially invite you to make me an offer on worstpizza.com I think you really need this site for your arsenal

jenkins

Unless you actually know something my guess would be closer to $5M. IAC is notoriously cheap.

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