EBAY Acquires Start-up Decide.com

EBAY acquires decide.com

eBay (NASDAQ:EBAY), one of the largest online marketplaces, recently announced the acquisition of decide.com, a start-up specializing in data analytics predicting price trends of consumer products. While the terms of the deal are not officially disclosed it is known that the start-up had earlier in the year, raised $17 million through a round of Venture Capital financing. eBay will shut down the service of decide.com within 30 days diverting the technology and talent acquired to work on providing tools to the nearly 25 million sellers on the eBay platform. According to the company statement, the sellers will be provided with tools which will give them insights into past product sales on the eBay platform. The sellers will then know what to probably sell on eBay and what are the price levels where the product has historically sold at. Following the closure of the decide.com service, all the 26 former staff from the start-up will be joining eBay’s Bellevue office, which will now be base to over 200 eBay employees in the Seattle area. The eBay stock has moved up by 1.7% in the last trading session closing the session at a stock price of $52.83.

To see EBay’s latest stock price movement, click here (NASDAQ:EBAY)

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Virendra Singh Chauhan Virendra Singh Chauhan   on Amigobulls :

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