Zagat Survey says it is considering sale

agat Survey, publisher of the quote-filled restaurant guides, said on Monday that it was exploring strategic opportunities, including a potential sale of the company.

The company, which started as a hobby by Nina and Tim Zagat nearly 30 years ago, said it was considering growth opportunities, including potential partnerships and joint ventures, as well as a sale.

Goldman Sachs & Co (GS.N: Quote, Profile, Research) is its financial advisor, Zagat said on its Web site.

The New York Times reported that a sale would probably attract broad interest, and potential buyers might include IAC/InterActiveCorp (IACI.O: Quote, Profile, Research), News Corp (NWSa.N: Quote, Profile, Research), or phone companies seeking mobile content, such as AT&T Inc (T.N: Quote, Profile, Research) and Verizon Communications Inc (VZ.N: Quote, Profile, Research). It also named American Express Co (AXP.N: Quote, Profile, Research) as a possible suitor. (Reporting by Ritsuko Ando; Editing by Lisa Von Ahn)
Source : http://www.reuters.com