IAC Buys UrbanSpoon

IAC has acquired UrbanSpoon, the restaurant review site that has an incredible popular iPhone application, amongst Facebook widgets and other widgets. The news is now over Techmeme that the company has been acquired for somewhere in the millions of dollar range. IAC has not disclosed the acquisition price.

The company was set up by Ethan Lowry, Adam Doppelt and Patrick O’Donnell with virtually no outside funding and has sold for “an offer we couldn’t refuse,” said Lowry.

UrbanSpoon’s iPhone app was monetized by Google AdSense ads.

For more information about this news, see Techmeme.

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Barry Schwartz

Barry Schwartz a Contributing Editor to Search Engine Land and a member of the programming team for SMX events. He owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here.