The success of the App Store has lead several iPhone development houses, and their applications, to become targets for acquisition by larger companies. Following Amazon’s purchase of Lexcycle, maker of the iPhone book-reading application Stanza, IAC, an internet media company that also runs Citysearch, Ask.com, Match.com, and Evite, has announced its acquisition of UrbanSpoon, based in part on the strength and popularity of its iPhone and iPod…
From iLounge | All Things iPod, iPhone, iTunes and beyond. Please read the complete article and let us know what you think below.

