MEDIA
06/14/2008 05:12 am ET Updated May 25, 2011

Zagat Family Takes Company Off The Market

Zagat Survey, publisher of the popular user-generated reviews of restaurants, hotels and other leisure businesses, has ended its effort to sell itself, the company said Thursday.

"While we considered some very attractive options, given our company's strong performance and continued momentum and in light of the current economic climate, we have decided to continue to grow our business organically," Tim and Nina Zagat, the company's founders, said in a statement.

The Zagats put the company up for sale in January. At the time, people briefed on the company's finances suggested that it could be valued at more than $200 million, but would-be buyers appeared to balk at the price.

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