Google Purchases Zagat
Last week, the search engine giant Google announced its acquisition of the prestigious restaurant rating organization Zagat. Google executive Marissa Mayer stated that Zagat will become a “cornerstone” for Google’s local services division in the near future.
“Their iconic pocket-sized guides with paragraphs summarizing and ‘snippeting’ sentiment were “mobile” before “mobile” involved electronics,” continues Mayer.
Google is expected to incorporate the information from the signature 30 point rating scale as well as the existing reviews into Google search and maps results. In addition, Google will likely attempt to encourage ongoing participation and review activity from active Zagat and Google users. Google’s reviews have lagged behind other popular services, such as Yelp, which Google reportedly attempted to purchase for a sum of $550 million in late 2009. In order for Google to fully monetize their local division, they must go head-to-head with major restaurant review sites such as Yelp. The acquisition of Zagat is a big step for Google’s local offering.
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