more

Related Articles

Abraaj Buys West African Drink Company
Antalis Buys Xerox’s West Europe Paper Distribution Business
Warning: Window Closing Fast on Affordable Bank Deals
BET Founder’s REIT Picks Up Hawaii Hotel
Middle Market Investment Bank Deals Continue with Piper Jaffray’s Edgeview Buy

SLIDESHOW

The M&A Scene: ACG NY's Manufacturing & Logistics Conference
Dealmakers recently gathered at Bank of America Tower for the ACG New York event "Made in the USA: Dealmaking in a US Manufacturing Revival," which featured keynote speaker Adam Max, managing partner at The Jordan Co. Panelists included Christopher Chase of Morgan Joseph TriArtisan; Robert Landis of The Riverside Co.; Joseph Powers of Bank of America Business Capital; and Michael Teplitsky of Wynnchurch.

Watercooler

Sweet Home Chicago
"Chicago is a hotbed for a lot of great thought leaders," says Dustin Weinberger (pictured), past president of ACG Chicago, which hosts the 4th Annual Healthcare M&A Conference on June 20.

Dealmakers

10 Startups Marissa Mayer Bought Before Tumblr
Summly, a news-sharing service Yahoo picked up for $30M, tops the list of purchases the new CEO made before the deal for Tumblr

Columns

People Moves of the Week
Karin Kovacic has joined BNY Mellon-Alcentra Mezzanine Partners as a vice president. Also: Harris Williams opens shop in Germany while Riverstone names new head of Houston office

Today's Transactions:
OpenTable Buys Foodspotting for $10M

Foodspotting is a mobile application that allows users to share photographs of food at restaurants

By ALLISON COLLINS
January 29, 2013

OpenTable Inc. (Nasdaq: OPEN) is buying Foodspotting, a mobile application used to find and share dishes at restaurants, for $10 million in cash.

OpenTable allows users to make online restaurant reservations. The company plans to integrate Foodspotting’s images of dishes at restaurants to help diners decide where to eat. OpenTable also plans to integrate Foodspotting’s social sharing technology into the company.

OpenTable recently added food photos through a collaboration with Foodspotting.

The deal is the latest course in food-related M&A. Google Inc. (Nasdaq: GOOG) bought Zagat in September 2011 for $200 million. In October 2011, online and mobile food ordering service Seamless agreed to buy MenuPages.

OpenTable acquired Toptable.com, a U.K.-based restaurant reservation site, for $55 million in September 2010.

For More, see "IPO Insight: Time for Yelp to Dine Out on Acquisitions."

 

For more information on related topics, visit the following: