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EaterWire Midday Edition: Zagat Off The Market

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NEW YORK CITY— As proof that Nina and Tim Zagat were asking way too much for their guide book empire, they have now taken the Zagat Survey off the market. To review the Zagat hired Goldman Sachs to find them a buyer back in January, and by March private equity firms were dropping out of the bidding left and right due to the incredibly high $200 million asking price. Writes an anonymous tipster from the inside: "Just a heads up, Tim and Nina just had a meeting with the staff letting us know that in fact Zagat Survey is no longer looking for suitors. Instead we are going to try to follow a path of 'organic growth.'" Right. Organic growth. Or they just asked way too much, went on the market during an economic shitshow, and need to regroup.
· Zagat Asking Too Much for Zagat [~E~]
· Zagats Ready to Cash Out, Whole Shebang Can be Yours for $200M [~E~]

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