EBay Inc., the largest e-commerce marketplace is about to acquire brands4friends, Germany's largest online shopping club, for about $200 million (150 million euro) to strengthen its position in Europe.
As part of the deal eBay will assume brands4friends' equity interests in UK shopping club SecretSales.com and in Japan's brands4friends.jp, it said in a statement.
EBay said it does not expect the acquisition to have a material impact on its 2011 financial results. The deal is expected to close in the first quarter of 2011.
Brands4friends, which has about 3.5 million members in Germany, sells goods from fashion and lifestyle brands including Buffalo, Calvin Klein and Diesel. The Berlin-headquartered company was founded in 2007 and employs about 200 people, eBay said.
As part of the deal eBay will assume brands4friends' equity interests in UK shopping club SecretSales.com and in Japan's brands4friends.jp, it said in a statement.
EBay said it does not expect the acquisition to have a material impact on its 2011 financial results. The deal is expected to close in the first quarter of 2011.
Brands4friends, which has about 3.5 million members in Germany, sells goods from fashion and lifestyle brands including Buffalo, Calvin Klein and Diesel. The Berlin-headquartered company was founded in 2007 and employs about 200 people, eBay said.
0 comments:
Post a Comment