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Rakuten purchases buy.com for $250M
travelin cat

WebmasterWorld Administrator travelin_cat us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 4135960 posted 3:54 pm on May 20, 2010 (gmt 0)

Rakuten (which, in its home market, is much bigger than Amazon Japan) today announced it has reached a definitive agreement to acquire California-based shopping portal Buy.com for $250 million next month.


[techcrunch.com...]

 

ByronM

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 4135960 posted 7:29 pm on May 20, 2010 (gmt 0)

Interesting...

Buy.com has been pretty "lame" as of lately.. some decent deals but the site seemed to be slow, down, missing items or simply not working a lot. Plus the merchandising is pretty crappy. Wonder what "rakuten" plans on doing with it.

Sgt_Kickaxe

WebmasterWorld Senior Member sgt_kickaxe us a WebmasterWorld Top Contributor of All Time



 
Msg#: 4135960 posted 2:46 am on May 21, 2010 (gmt 0)

The domain alone was worth that.

The current site design though, in my opinion, is too busy with tiny text links to a bazillion different things. The site would do well to remove 90% of the "stuff" on the index page in favor of an oversized "What do you want to buy" link.

bill

WebmasterWorld Administrator bill us a WebmasterWorld Top Contributor of All Time 10+ Year Member Best Post Of The Month



 
Msg#: 4135960 posted 6:58 am on May 21, 2010 (gmt 0)

This comes right after Yahoo Japan and Taobao linking up [webmasterworld.com], which may arguably be a bigger deal.

I wonder what sort of plans Rakuten has for this network. I haven't followed the progress of their LinkShare acquisition. It was my impression that that company was floundering a bit.

tim222

WebmasterWorld Senior Member 5+ Year Member



 
Msg#: 4135960 posted 12:15 am on May 22, 2010 (gmt 0)

One great thing about crazy numbers like $250M for a website is that it drives up the value of our websites. When big names are fetching hundreds of millions of dollars, and Twitter is supposedly worth $1B, it doesn't seem far-fetched that many of us might own sites worth over a million dollars :-)

walkman



 
Msg#: 4135960 posted 8:22 am on May 22, 2010 (gmt 0)

"One great thing about crazy numbers like $250M for a website is that it drives up the value of our websites. "

tim222, buy.com has been there for ages, not to mention that technically amazon.com is just a website.

fearlessrick

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 4135960 posted 11:25 am on May 24, 2010 (gmt 0)

This deal is gonna put the kibosh on eBay, for sure. Buy.com is currently eBay's largest merchant, a diamond seller. eBay CEO John Donahoe has opted to play with the big boys at the expense of losing thousands of small to mid-size sellers.

Ooops! There goes a big merchant, to a new owner with $ to spend attracting... large merchants.

Better rethink that "disruptive innovation" you've been touting there, Johnny-boy.

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