eBay to acquire shopping.com

Posted on Thursday, June 02 2005 @ 0:39 CEST by Thomas De Maesschalck

ebay announced it will acquire Shopping.com for $21 per share, or $620 million. The company says acquiring Shopping.com will give eBay the ability to provide even more opportunities for its sellers.

Bill Cobb, president of eBay North America, said Shopping.com's comparison technology simplifies the online shopping experience. He further adds that the Epinions review feature from Shopping.com will also be a great match for eBay.

Source: CNET

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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