Internet auctioneer &to=http:// english.pravda.ru/fun/2002/11/12/39416.html ' target=_blank>eBay in its latest move to boost slackening growth in the USA, said Wednesday it has agreed to buy Shopping.com, an online shopping-comparison site.
The $620 million cash acquisition is eBay's second-largest in the USA, after its $1.5 billion purchase of PayPal in 2002. The deal, which will fetch $21 per share for all of Shopping.com's outstanding shares, represents a 20% premium to Shopping.com's closing price of $17.44.
Shopping.com shares soared 20% in after-hours trading, following eBay's announcement. Shares of eBay dipped 1% in after-hours trading.
Analysts such as Mark Mahaney of Citigroup Smith Barney say they are concerned by recent declines in eBay's revenue growth and margins, tells USA Today.
Presidential candidate Ksenia Sobchak, who was accredited for the press conference by Vladimir Putin from Dozhd (Rain) television channel, asked Putin about competition at the coming election
On December 14, President Putin holds his annual Q&A session with Russian and foreign journalists. This conference is considered to be the beginning of his presidential campaign