eBay Completes Acquisition of Shopping.com
By Ina Steiner
eBay completed its previously announced acquisition of Shopping.com, an online comparison shopping site. In accordance with the terms of the acquisition agreement as announced on June 1, 2005, eBay acquired all outstanding shares of Shopping.com stock for $21 per share in cash, or total consideration of approximately $634 million. Shopping.com's cash, cash equivalents, and marketable securities as of June 30, 2005 totaled approximately $148 million.
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to email@example.com.
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