Ebay buys local shopping site Milo

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Ebay buys local shopping site Milo

Post by NewsOnline on Thu Dec 02, 2010 3:07 pm

Ebay buys local shopping site Milo

Thu Dec 2, 2010

EBay Inc has acquired shopping engine Milo.com, underscoring the growing allure of local services even as fellow Internet giant Google ponders buying discount coupon site Groupon.

Shares in eBay rose over 2 percent.

EBay, whose marketplaces site connects buyers with sellers of a vast array of goods, said on Thursday it planned to integrate Milo's local product feeds onto its own site, as well as its mobile applications. http://www.reuters.com/article/idUSTRE6B15MZ20101202


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