eBay Buys Price Research Company Decide.com

Ecommerce giant eBay (NASDAQ: EBAY  ) announced today on its blog that it has acquired price research firm Decide.com. The official terms of the deal were not disclosed in the announcement, but it is expected that all of Decide's services, website, and mobile apps will no longer be available after Sept. 30.

The Seattle-based Decide.com started three years ago and had raised $17 million in venture capital, including investments from funds led by Microsoft co-founder Paul Allen (Vulcan Capital) and Starbucks founder Howard Schultz (Maveron).

eBay noted the immediate goals for Decide's developers would encompass "helping eBay build an improved pricing tool that helps sellers better price their merchandise and sell items faster," while also providing insights that will "help sellers better compete."

Decide.com CEO Mike Fridgen said in the blog post that "This is an exciting opportunity to bring Decide's expertise in data and predictive analytics to the worldwide commerce leader and empower over 25 million eBay sellers."

In its blog post, eBay noted its efforts to grow through acquisitions in the budding areas of e-commerce, including social, local, and mobile technologies through its acquisitions of Hunch, Milo, and RedLaser, respectively. Those acquisitions all commenced in 2010 and 2011.

 
 
 

link


Read/Post Comments (1) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On September 13, 2013, at 10:35 AM, txemanet wrote:

    Me parece una fabulosa compra por parte de Ebay que seguro que le reporta gran utilidad a los compradores, y porqué no a los vendedores también. Mi opinión detallada en http://bit.ly/1aqtR9x

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2626237, ~/Articles/ArticleHandler.aspx, 8/27/2014 3:17:08 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement