For US 52 million in an all cash transaction
Info Edge (India) announced that Zomato Media which owns and operates an online food guide portal, www.zomato.com (Zomato), has acquired www.urbanspoon.com, a restaurant information website operating in the United States, Australia and Canada in an all cash transaction amounting to US 52 million.Earlier in November 2014, Info Edge (India), through its wholly owned subsidiary has invested an amount of about Rs 185 crore in Zomato. Upon completion of the allotment/ transfer of shares against the said investment, aggregate amount of investment in Zomato will be about Rs 327 crore. Info Edge (India) will hold 55.13% of the equity share capital of Zomato. The overall holding on a fully converted and diluted basis will remain at 50.1%.
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