Rakuten To Buy Ebates For $1 Billion In Cash

by Ginny Marvin
Japan’s Rakuten Inc. has confirmed it will acquire San Francisico-based Ebates Inc. for roughly $1 billion in cash. The acquisition will bring 2.5 million new customers to Rakuten, which among other ventures, operates a retail marketplace site in the U.S, Rakuten Shopping. That site was previously known as Buy.com when the company purchased it in 2010.Read the full article