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

wow.

money money

What a domain that one is. :winkwink:

very nice damn, and a shitload of money

That's a load of cash

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.

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