Canon Puts Efficiency On Press
Google reveals it paid $151 million for Zagat
In a regulatory filing, the Web giant discloses the purchase price for the restaurant-review service, and says it's spent more than $500 million this year on acquisitions.
Google, which didn't disclose the amount it paid for Zagat when it announced plans to acquire the restaurant-rating service last month, revealed the price in a regulatory filing today: $151 million.
The Web giant also disclosed in its quarterly filing with the Securities and Exchange Commission that it bought the German Groupon-like service, Daily Deals, for $114 million. Google began its own Offers service in June.
For the first nine months of the year, Google said it completed 54 other acquisitions and purchases of intangible assets for about $502 million.
The Zagat deal boosts Google's local business strategy, giving it access to reviews in more than 100 cities. Shortly after the deal closed, The Wall Street Journal reported that the company paid $125 million for the company.
The Associated Press first reported the news on today's filing, saying 2011 was shaping up to be Google's busiest shopping spree.
