iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

$OPEN Makes a Small Acquisition to Get Mo’ Social

Opentable, the online restaurant booking service, has just announced that it is acquiring Footspotting, the mobile app that lets users record and link to what they’re eating in restaurants and at home. The terms of the deal were not disclosed in a blog post on Foodspotting’s site or on Opentable’s post, but Alexa Andrzejewski has confirmed a pricetag of $10 million in cash directly to TechCrunch.

Before you start getting worried that this is a classic acquire-and-close down job, catch your breath: Opentable intends to keep Foodspotting going as a standalone business.

The two already worked together somewhat…”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter