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Tuesday, June 7

Movers and Shakers:: Shopzilla acquired for $525M in cash

Comparison Shopping Search Engines are currently very hot.

eBay purchased Shopping.com the other day.

Now E. W. Scripps has just announced they plan to acquire Shopzilla for USD$525M in cash.

From E. W. Scripps press release:

With the acquisition of Shopzilla, Scripps gains a profitable and growing Internet search business that helps shoppers instantly find virtually anything for sale on the Web at the best price. Using a proprietary, patent-pending algorithm called ShopRank, Shopzilla efficiently aggregates and organizes information on more than 30 million products from 55,000 retailers, worldwide. Shopzilla also operates BizRate, one of the most popular consumer feedback networks on the Web with about 1 million fresh consumer reviews of stores and products added each month.

For the full press release click here.

Posted by Clay Cook at 7:46 AM GMT

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