No Stars: Zagat Nixes Sale

Tim and Nina Zagat have ended efforts to sell their eponymous guide-book business, according to Dealbook this morning. Prospective buyers apparently balked at the $200 million asking price.

“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,” the Zagats said in a statement.

My colleague Chris Shott sat down with Tim and Nina last June.