Mountain View, Calif.,-based eBay will pay $21 a share for Shopping.com, a company based in Brisbane, Calif., that specializes in comparison-shopping. Shopping.com closed Wednesday trading at $17.44, up 2.2% for the day, so eBay is paying at least a 20% premium over the value the market most recently gave to the company. "
Wednesday, June 01, 2005
eBay to Buy Shopping.com
"In a move that gives its network of small retailers deeper access to Internet searches, eBay (EBAY:Nasdaq - commentary - research) is buying Shopping.com (SHOP:Nasdaq - commentary - research) for $620 million in cash.
Mountain View, Calif.,-based eBay will pay $21 a share for Shopping.com, a company based in Brisbane, Calif., that specializes in comparison-shopping. Shopping.com closed Wednesday trading at $17.44, up 2.2% for the day, so eBay is paying at least a 20% premium over the value the market most recently gave to the company. "
Mountain View, Calif.,-based eBay will pay $21 a share for Shopping.com, a company based in Brisbane, Calif., that specializes in comparison-shopping. Shopping.com closed Wednesday trading at $17.44, up 2.2% for the day, so eBay is paying at least a 20% premium over the value the market most recently gave to the company. "
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