MSN is in preliminary discussions with Scripps to purchase Shopzilla, according to a source at MSN associated with the talks. It’s no secret that Scripps is looking to sell Shopzilla, and that they are hoping to recoup the $525 million that they paid for it in 2005. Initial talks have the proposed sales price significantly below the 500-600 million asking price.
MSN is said to want to expand its shopping reach to better compete with Google Product Search and Yahoo Shopping.
E.W. Scripps made a press release yesterday stating Shopzilla is not for sale. Thoughts on how valid this rumor is?
Comment by Joe — November 29, 2007 @ 4:12 pm |
This came from someone inside one of those two companies. I’m not going to disclose which to protect their anonymity.
Comment by surgesilk — November 30, 2007 @ 9:38 am |
[...] to sources within Microsoft, MSN wants to buy Shopzilla. Microsoft just acquired Jellyfish, so they could plan [...]
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