EBay to buy Shopping.com - GoFuckYourself.com

azguy · 06-01-2005, 09:13 PM

Deal is for $620M, or $21 a share; Shopping.com surges after hours.

SAN FRANCISCO (Reuters) - Ebay said Wednesday it agreed to buy Shopping.com, which enables consumers to compare products online and to read consumer reviews.

The purchase price of about $620 million in cash, or $21 a share, is a 20 percent premium over Shopping.com's (Research) Wednesday close of $17.44 and shares surged nearly 20 percent in after-hours trading. eBay (Research) lost over 1 percent.

The move by eBay would strengthen its hand in providing online comparison shopping, something that Google Inc. (Research) has dabbled in with its Froogle service.

http://money.cnn.com/2005/06/01/tech...reut/index.htm

Big Ray · 06-01-2005, 10:12 PM

wow.

money money

KRL · 06-01-2005, 10:13 PM

What a domain that one is.

Sosa · 06-01-2005, 10:23 PM

very nice damn, and a shitload of money

Vitasoy · 06-02-2005, 03:15 AM

That's a load of cash

azguy · 06-02-2005, 07:29 AM

It's a nice purchase, as I'm sure Shopping.com was also on Google's watch list. Now they need to look for a new target.

nojob · 06-02-2005, 07:32 AM

Quote:

Originally Posted by azguy

It's a nice purchase, as I'm sure Shopping.com was also on Google's watch list. Now they need to look for a new target.

Google keeps moving up on the NYSE ,they should of atleast tried to get it.

vicki · 06-02-2005, 07:47 AM

hmmm I think the 'worth' of blowout.com just went up ;)

06-01-2005, 09:13 PM	#1
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	EBay to buy Shopping.com Deal is for $620M, or $21 a share; Shopping.com surges after hours. SAN FRANCISCO (Reuters) - Ebay said Wednesday it agreed to buy Shopping.com, which enables consumers to compare products online and to read consumer reviews. The purchase price of about $620 million in cash, or $21 a share, is a 20 percent premium over Shopping.com's (Research) Wednesday close of $17.44 and shares surged nearly 20 percent in after-hours trading. eBay (Research) lost over 1 percent. The move by eBay would strengthen its hand in providing online comparison shopping, something that Google Inc. (Research) has dabbled in with its Froogle service. http://money.cnn.com/2005/06/01/tech...reut/index.htm

06-01-2005, 10:13 PM	#3
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	What a domain that one is. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

06-02-2005, 03:15 AM	#5
Vitasoy GFY HALL OF FAME DAMMIT!!! Join Date: Oct 2003 Posts: 58,202	That's a load of cash __________________ [email protected]

06-02-2005, 07:47 AM	#8
vicki Confirmed User Industry Role: Join Date: Feb 2002 Location: Deep in the heart o' Texas Posts: 1,478	hmmm I think the 'worth' of blowout.com just went up ;) __________________ If at first you do succeed - try to hide your astonishment. HR merchant accounts from 3.45% solid biz since 98 victoriakozub AT gmail.com skype: victoria.kozub \| ICQ: 74296746

06-01-2005, 10:12 PM	#2
Big Ray Confirmed User Join Date: Dec 2003 Posts: 464	wow. money money

06-01-2005, 10:23 PM	#4
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	very nice damn, and a shitload of money

06-02-2005, 07:29 AM	#6
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	It's a nice purchase, as I'm sure Shopping.com was also on Google's watch list. Now they need to look for a new target.