June 4, 2005 (Mountain View, CA) – LAWFUEL – The Law News Network – Fenwick & West LLP represented Shopping.com, Ltd. (Nasdaq: SHOP) in its recently announced acquisition by eBay, Inc. (Nasdaq: EBAY).
Shopping.com is a global leader in online comparison shopping with sites in the U.S., the U.K. and France. With approximately 50 million unique visitors a month, according to comScore Media Metrix, it is the third largest shopping destination on the web. The company’s mission is to help shoppers everywhere use the power of information to find, compare and buy anything.
eBay will pay approximately $620 million in cash to acquire all outstanding shares of Shopping.com. The transaction is subject to regulatory approvals and closing conditions, and is expected to close in the third quarter of 2005. More information about the transaction can be obtained from the eBay Web site at http://investor.ebay.com/releases.cfm.
The Fenwick & West transaction team consisted of: corporate group attorneys Gordy Davidson, David Michaels, Cindy Clarfield Hess, Greg Roussel, Garth Bossow and Khang Tran; employee benefits group attorneys Scott Spector, Blake Martell and Bill Herochick; tax group attorneys Ron Schrotenboer and Tony Cipriano; and intellectual property group attorneys Steve Gillespie and Chris Joslyn.
About Fenwick & West
Fenwick & West provides comprehensive legal services to high technology and life sciences clients of national and international prominence. The firm was ranked by MergerMarket as the #1 U.S. Legal Advisor for Technology Industry M&A in 2004.