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YanBz
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Japanese e-commerce giant Rakuten acquires Buy.com

submitted on August 23, 2011 by YanBz in "Stores / Merchants"
We have plenty of Buy.com deals on Buxr. I personally purchased from this store. Not sure what the news mean to US consumers. Anyway, for whatever it's worth, here are the details:

Rakuten, a large Japanese e-commerce company, will acquire Buy.com for $250 million. The move will give Rakuten a larger footprint in the U.S. and close the books on Buy.com’s storied history.


and more:

Buy.com said it has been focusing on moving from a traditional e-commerce site to more of a retail marketplace, the company said. Third-party sales now account for 50 percent of the company's orders.


Sources:
http://www.zdnet.com/blog/btl/.....ycom/34771
http://www.pcmag.com/article2/.....919,00.asp
http://online.wsj.com/article/.....57036.html
     

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  • 122617
    josetring
    master
    Posted by josetring on August 23, 2011 [reply] 0 0
    interesting - very interesting

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