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Clearlake Capital investment firm has announced that it has reached an agreement to sell Buy.com (sort of a web marketplace where everything is sold) for $ 250 million in cash.
The buyer was the Japanese firm Rakuten Inc, owner of Rakuten Ichiba (the largest Internet marketplace in Japan), where you can find over 50 million products from more than 33,000 different suppliers.
The acquisition, may have enough strategic sense for Rakuten, to seek expansion in the American and European markets, the combination of the two companies will create one of the leading online marketplace for the sale of products.
Buy.com is a leading online marketplace, with more than 14 million customers in the you can find thousands and thousands of products at great prices from colonies, DVD, books, cell phones, pet products, computer literacy and a very long etc. ..
Rakuten is a genious online, with more than 64 million registered users and 3,200 million dollars of sales in 2009, one of your suppliers are selling over $ 1 million per month through its website.
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