Allen Reps German Shopping Site In $200M EBay Deal
EBay will purchase all Brands4friends shares and assume its equity stake in the British shopping club SecretSales.com and Japan’s Brands4friends.jp, according to a joint statement by the companies.
The companies said they expected the transaction to conclude by the first quarter of 2011. EBay added that the deal wouldn’t materially affect its 2011 financial results.
The move aimed to boost...
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