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June 8, 2005
eBay to buy Shopping.com
Posted by Adam Viener
Last week eBay announced they will purchase Shopping.com for $620 million in cash. Shopping.com is a comparison shopping and customer review site that went public in October of 2004 at $18 per share. The buyout places a 20% premium on Shopping.com's current valuation.
This week, Scripps announced it would acquire Shopzilla (formerly Bizrate).
David Lewis posted an excellent review of the industry and scorecard and predicts that Experian will by Pricegrabber as the price comparison site industry continues to consolidate.
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