engine - 11:11 am on Oct 2, 2007 (gmt 0)

Jellyfish.com, a Middleton online discount shopping site that went live just over a year ago, has been purchased by Microsoft Corp. The purchase took effect Thursday, but the price is not being disclosed, Jellyfish.com chief executive officer Brian Wiegand said Monday. A formal announcement of the sale is expected today, he said. "We think the technology has some really interesting potential applications as we continue to invest heavily in shopping/commerce as a key vertical for Live Search, " Alex Gounares, Microsoft corporate vice president for the Search & Advertising Platform Group, said in a written statement.

Microsoft Buys Discount Shopping Site Jellyfish [madison.com]