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JPMorgan Chase to Buy Zagat Owner, The Infatuation

Amnon Free Press/Central Press Syndicate, USA. Read, Enjoy and Share the Latest US News Updates.

JPMorgan Chase & Co. has reached a deal to buy The Infatuation, the parent company of restaurant review brand Zagat, according to a joint statement from the bank and media company on Thursday. Financial terms of the deal were not disclosed. Founded in 2009, The Infatuation is a food and dining website that reviews restaurants in major U.S. cities like New York and Los Angeles, as well as internationally. It bought Zagat, the restaurant review brand, from Alphabet Inc. in 2018. JPMorgan plans to offer up the website’s reviews and possibly special access to its annual food festival, EEEEEATSCON, to its customers and credit card holders, like those of its high-end Sapphire card. “This is another step to expand the opportunities we can give our customers in dining,” JPMorgan spokesperson Ashley Dodd said. JPMorgan’s Chase Sapphire Reserve card has been popular with affluent millennials since it launched in 2016 with …

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