Buzzlabs acquired by CityGrid

Seattle-based social media monitoring startup Buzzlabs, started by former Microsofties Philip Lee and Dou Shen, has been acquired by West Hollywood, CA-based CityGrid Media. Terms of the deal were not disclosed. Buzzlabs’ service helps businesses sort and analyze the cacophony of user-generated content flooding the Web. CityGrid said Buzzlabs’ offering will be added to its existing service over the next three to six months. CityGrid—formerly known as Citysearch—already operates Seattle-bred restaurant search app Urbanspoon. CityGrid is a unit of IAC (NASDAQ: IAC), the Barry Diller-headed company that once owned Expedia.

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