Buy.com, which is based in Aliso Viejo, Calif., went public in 2000, and its stock price soared and then crashed. Its founder, Scott Blum, took it private a year later.
Buy.com is also the largest seller on eBay, which has frustrated some of eBay’s smaller sellers. It is unclear how that relationship will change after the acquisition becomes final.
The sale is the next chapter for Buy.com, a company whose life mirrors the ups and downs of the dot-com era. Rakuten hopes that the acquisition will make its marketplace, Rakuten Ichiba, more competitive internationally with e-commerce giants like Amazon.com and eBay.
Always find a best buy on sale items, clearance blowouts, hot electronics, cool computers, as well as the latest music, movies and books, and so much more right here at Buy.com.
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Sunday, February 27, 2011
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