eBay announced that it is buying comparison-shopping site Shopping.com for about $620 million in cash. The acquisition will give eBay's many sellers a new sales channel and access to a new set of buyers. eBay has agreed to acquire all outstanding shares of Shopping.com stock for $21 per share in cash. Based on the number of Shopping.com shares outstanding on May 31, 2005, the total consideration would amount to approximately $620 million. Shopping.com's cash, cash equivalents, and marketable securities as of May 31, 2005 totaled about $140 million.
latest ebusiness news. 
No comments yet. Be the first to comment!