Allen Reps German Shopping Site In $200M EBay Deal

Law360, New York (December 20, 2010, 2:48 PM EST) -- With an eye on expanding its fashion business, eBay Inc. struck a deal Monday to acquire Brands4friends, Germany’s leading online shopping club, for about $200 million.

EBay will purchase all Brands4friends shares and assume its equity stake in the British shopping club and Japan’s, 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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