Scripps to Buy Shopzilla for $560 Million

Share this content:
Newspaper and broadcast giant E. W. Scripps Co. plans to pay $560 million in cash for Shopzilla, the Internet's No. 2 comparison-shopping service that formerly was known as BizRate.com.


Yesterday's announcement comes less than a week after eBay announced its own plans to buy Shopping.com, the Web's top comparison-shopping service, for $620 million.


Both deals are expected to close in the third quarter after gaining shareholder and regulatory approvals.


Like Shopping.com's relationship with eBay, Shopzilla, Los Angeles, will remain a standalone operating unit of Scripps. Shopzilla is privately held.


Scripps owns the Scripps Howard News Service and newspapers like Denver's Rocky Mountain News and the Knoxville [TN] News Sentinel. The company also runs TV brands like the Food Network, DIY Network and Home & Garden.


Mickey Alam Khan covers Internet marketing campaigns and e-commerce, agency news as well as circulation for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters


This article is part of the DMNPolitics site, in partnership with Fluent. Click on the footer to see all of our content about the 2016 Election

Loading links....
close

Next Article in Digital Marketing

Latest Jobs:

Featured Listings