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Yahoo Inc. completed the sale of Kelkoo to a UK- based private-equity firm, ending more than a year of speculation about the future of the European comparison-shopping service.
Yahoo spokesperson Kim Rubey confirmed the sale of Kelkoo to Jamplant Ltd., but declined to disclose terms of the deal.
Yahoo originally acquired Kelkoo for $576 million in 2004 as the deal was expected to beef up the Internet portal's focus abroad. But Yahoo said in October 2007 that it was considering strategic options for Kelkoo, including a possible sale.
"Pierre Chappaz, founder of Kelkoo and chief executive at the time of the takeover, said in a blog note yesterday that the company had been sold to the UK investment fund Jamplant for less than €100m ($126m)."