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September 21, 2011 01:18 pm GMT
Amazon, take (another) note.Rakuten, a massive consumer and business-focused Internet service company, this morning announced that it has acquired e-commerce site Play.com, one of the UKs largest online retailers. Under the terms of the agreement, which has been approved by Rakuten's board, the e-business giant is paying approximately 25 million (3.3 billion yen or roughly $39.2 million) in cash for 100 percent of outstanding Play.com stock from its current shareholders.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YjC4ezEL-C0/
Japans Rakuten Acquires UK E-commerce Site Play.com For $39.2 Million
Amazon, take (another) note.Rakuten, a massive consumer and business-focused Internet service company, this morning announced that it has acquired e-commerce site Play.com, one of the UKs largest online retailers. Under the terms of the agreement, which has been approved by Rakuten's board, the e-business giant is paying approximately 25 million (3.3 billion yen or roughly $39.2 million) in cash for 100 percent of outstanding Play.com stock from its current shareholders.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YjC4ezEL-C0/
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