OpenTable gobbles up Foodspotting for $10 million
Foodspotting's site and mobile apps will continue to operate on a standalone basis.
OpenTable, a company that provides online restaurant reservations, has acquired Foodspotting, a site and apps that let users post photos of the food dishes they encounter at eateries.
The companies announced the deal today, saying that OpenTable will pay approximately $10 million in cash to acquire Foodspotting. The acquisition comes after Foodspotting inked a deal with the restaurant-reservations company to share user photos of food dishes in OpenTable listings. OpenTable didn't say what its plans are for Foodspotting, but it did say the photos are a "taste" of what to expect.
Still, Foodspotting users won't lose that functionality. OpenTable says it will maintain the Foodspotting site and mobile apps.