megri
Joined: 31 Aug 2004
Posts: 67
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| Posted: Mon Jun 06, 2005 1:46 pm Post subject: EBay to Buy Shopping.com |
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EBay has agreed to acquire shopping search player Shopping.com in a deal valued at $620 million. It's a move that consolidates two major outlets for retailers seeking to market their wares online.
The agreement calls for eBay to pay $21 per share of Shopping.com stock, which was priced at $17.44 per share at Wednesday's market close.
The companies painted the deal as a way to expand what they can offer to merchant partners.
"The acquisition of Shopping.com will allow us to provide even more opportunities for our sellers," said Bill Cobb, president of eBay North America, in a statement.
http://www.clickz.com/news/article.php/3509361 |
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