IAC Adds More Local Emphasis By Acquiring Urbanspoon

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

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