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Zagat Up For Sale

Tim and Nina Zagat are putting the little burgandy guides on the market: "People briefed on the company’s finances suggest the company could be valued at more than $200 million, which would still be a drop in the bucket for an Internet company or a wealthy executive." The Zagat's started the guides in 1979 as a two-page typed list of New York restaurants compiled from reviews from friends; now they sell more than 5.5 million copies a year. We see Barry Diller's (IAC, which owns Citysearch) name written all over this. [NY Times]

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