$620million offer Shopping.com

[DNjet]

eBay plans to acquire Shopping.com in a $620m cash transaction aimed at resuscitating the auction giant's slowing growth rate.

The acquisition, announced yesterday, brings the web's biggest comparison shopping engine under the hood of the largest auction site at a time when eBay has been struggling to maintain its growth in the face of increasing competition from Google, Yahoo! and others.

eBay said the acquisition will help it funnel more bidders to eBay auctions.

 

[furca]

Let me predict this,


It will 1998 all over again.

 

[MediaHound]

heya 6
That wasn't announced yesterday!
that's over a week old already
June 1
http://investor.shopping.com/ReleaseDetail.cfm?ReleaseID=164975
http://blog.searchenginewatch.com/blog/050601-174222

 

[DNjet]

wooops , thanks for the correction hound.

 

[MediaHound]

I've never even used Shopping.com

 

[Dr. Domaining]

I remember back when Shopping.com was DealTime.com. I have used both Shopping.com and DealTime.com on numerous occasions. IMO, it's a pretty useful resource.

I've never even used Shopping.com

 

[orrmate]

Let me predict this,


It will 1998 all over again.

What happened in 1998?

Sorry i've not been in this business for long.


Do ebay really think spending $620m is going to solve all their problems?

 

[furca]

What happened in 1998?

Business.com sells for $6,800,000.00 and domain names ROCKET in price.


Except this time Shopping.com is going for $620,000,000.00

 

[Kase]

Well, good luck to eBay.

 

[fredlucas]

Business.com sells for $6,800,000.00 and domain names ROCKET in price.


Except this time Shopping.com is going for $620,000,000.00

The transactions aren't at all comparable.

Business.com was purchased solely because of the domain name.

Shopping.com (AlexaRank 280) is an ongoing public company with 220 employees and additional properties such as Epinions (400K reviews, alexa rank of 554). they also have >$100M in annual revenue...

 

[financialtraffic]

Very good point.

The transactions aren't at all comparable.

Business.com was purchased solely because of the domain name.

Shopping.com (AlexaRank 280) is an ongoing public company with 220 employees and additional properties such as Epinions (400K reviews, alexa rank of 554). they also have >$100M in annual revenue...