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Zagat considers a sale

16.01.08

Zagat Survey, the publisher of the Zagat Survey guide books and provider of user-generated, survey-based dining and travel information, is considering a potential sale of the company. Zagat has appointed Goldman, Sachs & Co as financial advisor to explore "strategic opportunities to grow its business", including "potential partnerships or joint ventures and a potential sale of the company".

Co-chairs Tim and Nina Zagat said: "Coming off 2007 as our best year ever, we see many opportunities ahead driven by the strength of the Zagat brand and the expansion of our user-generated content and distribution vehicles. From this position and with the changes in the broader media and technology environments, we have determined that it is the right time to take a look at our company's options for even more rapid long-term growth."

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