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June 7, 2011 11:40 am GMT

Japanese Online Retail Giant Rakuten Buys Brazilian E-Commerce Company Ikeda

Japanese online retail juggernaut Rakuten is expanding its reach to South America with the acquisition of a 75% stake in Ikeda, a provider of e-commerce services to many of Brazil's largest retailers.Financial terms of the deal were not disclosed.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/DPwg9_ubuSM/

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