Thursday, June 02, 2005

EBay snaps up Shopping.com for $620 million: "In a bid to ignite growth, eBay said Wednesday that it's buying Shopping.com, an online-comparison shopping site, for $620 million in cash. The online marketplace will pay $21 a share of Shopping.com's shares, or a 20% premium, both companies announced. " —AlwaysOn Network

Way to go, SHOP! This marks the first acquisition of a Bubble 2.0 Index stock.