Google (GOOG) this morning announced on their official corporate blog that they’ve purchased legendary restaurant rating pub Zagat, which the company says will be a “cornerstone of our local offering” to help people find “extraordinary experiences around the corner and around the world.”
Shares of restaurant booking firm OpenTable (OPEN) immediately dropped $3.49, over 5%, to $59.24.
Google did not disclose terms of the deal. The 32-year-old company, whose little burgundy-colored books are an icon of restaurant reviews, was founded by husband and wife team Tim and Nina Zagat.
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