Kelkoo with exit

Filed in archive Venture Capital on March 26, 2004

Kelkoo the shopping comparison company has nice news to shareholders as it will be sold to Yahoo for a whopping �475 million in cash.

"Kelkoo is the largest e-commerce service originating in Europe. It
has operations in nine countries reaching nearly 10 percent of all
European Internet users. Kelkoo enables consumers to quickly and
easily find products through its product search engine, then compare
prices from more than 2,500 merchants with more than 3 million
products across 25 categories, including books, films, music, games
and consoles, mobile phones, travel, computing, consumer electronics,
fashion and cars. Kelkoo's merchants pay lead referral fees when
consumers click through to merchant websites from its service. Kelkoo
operates through its own network of branded sites, powers shopping
platforms for other shopping networks through 'white label'
relationships, and maintains an affiliate distribution network."

(Via Gen Kanai)