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Auctionbytes-NewsFlash, Number 1063 - July 14, 2005 - ISSN 1539-5065      | Next Story

FTC Allows eBay Acquisition of Shopping.com
By Ina Steiner
AuctionBytes.com
July 14, 2005
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The Federal Trade Commission has granted the eBay - Shopping.com transaction through early termination. According to the Hart-Scott-Rodino Act, the Justice Department has 30 days to evaluate proposed acquisitions to decide to investigate further. eBay told the Associated Press the waiting period expired on Monday, allowing the deal to go through.

eBay announced June 1st it would acquire the comparison shopping site (http://www.auctionbytes.com/cab/abn/y05/m06/i01/s04).

eBay now owns real estate in every segment of the ecommerce industry around the world, from the auction and fixed-price marketplaces on eBay; ecommerce hosting services (ProStores); payment processing (PayPal); classifieds sites (Rent.com, Kijiji and others, and a stake in Craiglist); and now a shopping portal.

http://www.ftc.gov/bc/earlyterm/2005/07/et050711.pdf

Related Stories

Dept. of Justice Clears the Way for eBay's Acquisition of PayPal (Press Release)
http://www.auctionbytes.com/cab/abn/y02/m08/i20/s01

eBay Buys Comparison Shopping Site for $620 Million
http://auctionbytes.com/cab/abn/y05/m06/i02/s01


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