The Channel logo

News

By | John Oates 2nd June 2005 10:45

eBay goes shopping.com

Online shopping extravaganza

Online auction behemoth eBay has bought price comparison site shopping.com for $620m.

Shopping.com offers price comparisons and consumer-written reviews. eBay products will be included on shopping.com's comparisons and product reviews will start appearing on its epinions site. The site claims 50 million unique monthly visitors and 400,000 review writers.

Bill Cobb, president of eBay North America, said in a message to users that the deal would give eBay sellers another sales channel and a new set of customers. He said part of the impetus behind the deal was increasing sales of seasonal products on eBay.

The deal is subject to the usual regulatory and shareholder approval but assuming that is successful it will close in the third quarter of 2005.

Press release available here

Warm words from Bill Cobb here.

Related stories

Oz eBayers must pay tax
eBay sitting on the old Gumtree.com
eBay comes to cable TV

alert Send corrections

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust