Why is a bank buying Zagat parent The Infatuation? ...Middle East

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Why is a bank buying Zagat parent The Infatuation?
JPMorgan Chase said it is acquiring The Infatuation, a popular restaurant recommendation website, which includes the Zagat brand, a restaurant review platform. The move reflects the bank’s expansion into the dining business as it caters to its big-spending credit card customers.The Infatuation will retain its independent point of view and operate as its own brand under JPMorgan, according to a press release. It will continue to be led by its CEO and co-founder Chris Stang. The details of the deal were not disclosed.Founded in 2009, The Infatuation also offers a membership program with restaurant perks and discounts and a bi-coastal food festival called EEEEATSCON. In 2018, the company agreed

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