This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

eBay to Buy German Shopping Club

SAN JOSE, California ( TheStreet) -- eBay (EBAY - Get Report) said Monday it has agreed to acquire brands4friends, a Germany online shopping club, for $200 million in cash.

EBay said the move is designed to strengthen its position as a leading online fashion destination in Europe.

Brands4friends, which has about 3.5 million members in Germany, sells goods from fashion and lifestyle brands such as Calvin Klein at reduced prices to its members through daily specials, eBay said. The club is based in Berlin.

As part of the deal, eBay will assume brands4friends' equity interests in U.K. shopping club SecretSales.com and Japan's brands4friends.jp.

The acquisition is expected to close in the first quarter of 2011. EBay doesn't expect the deal to have a material impact on its 2011 financial results.

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
EBAY $57.76 -0.30%
AAPL $124.83 -0.77%
FB $78.44 1.10%
GOOG $529.00 -0.34%
TSLA $231.54 -0.61%

Markets

DOW 17,853.93 -74.27 -0.41%
S&P 500 2,083.80 -5.66 -0.27%
NASDAQ 4,922.9830 -16.3440 -0.33%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs