Tag archive: Buy.com

Sold! Buy.com Goes to Rakuten for $250 Million!

May 21, 2010 |

Computing

Japanese online shopping site Rakuten Ichiba has closed a deal to acquire U.S. online retailer Buy.com in an all-cash deal valued at $250 million. Rakuten sees the acquisition is a way to ramp up its presence in the U.S. and European online retailing market. Rakuten has more than 64 million members using its existing e-commerce sites and a market capitalization over $9 billion and sales over $2.5 billion dollars last year—some of… Read More