M&A Deal Summary

Jet.com Acquires Shoebuy.com

On January 5, 2017, Jet.com acquired e-commerce company Shoebuy.com from IAC for 70M USD

Acquisition Highlights
  • This is Jet.com’s 2nd transaction in the E-Commerce sector.
  • This is Jet.com’s largest (disclosed) transaction.
  • This is Jet.com’s 2nd transaction in the United States.
  • This is Jet.com’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-01-05
Target Shoebuy.com
Sector E-Commerce
Buyer(s) Jet.com
Sellers(s) IAC
Deal Type Divestiture
Deal Value 70M USD

Target

Shoebuy.com

Boston, Massachusetts, United States
website
Shoebuy.com, Inc. is an online retailer of footwear and accessories. Shoebuy has an inventory-free business model that relies on an integration of processes and data flow with over 200 manufacturers, which allows Shoebuy to feature 200,000 plus products on its site, with real time access to inventory availability, and to facilitate drop-ship of customer orders from manufacturers' warehouses directly to consumers.

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Buyer(S) 1

Buyer

Jet.com

Hoboken, New Jersey, United States

website

Category Company
Founded 2013
Sector E-Commerce
DESCRIPTION

Jet.com, Inc. is an online retailer offering household items, electronics, pet supplies and related items. Jet.com was formed in 2013 and is based in Hoboken, New Jersey.

DEAL STATS #
Overall 2 of 2
Sector (E-Commerce) 2 of 2
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-26 Hayneedle

Omaha, Nebraska, United States

Hayneedle, Inc. is a home goods e-commerce company.

Buy -

Seller(S) 1

SELLER

IAC

New York, New York, United States

website

Category Company
Sector Digital Media
Employees8,200
Revenue 3.7B USD (2021)
DESCRIPTION

IAC is a media and Internet company focused in the core areas of search, applications, online dating, local and media. IAC's network of sites have over a billion total monthly visits in more than 100 countries. The company is headquartered in the Chelsea neighborhood of New York City with business operations and satellite offices around the world. IAC is based in New York, New York.

DEAL STATS #
Overall 15 of 20
Sector (E-Commerce) 1 of 1
Type (Divestiture) 8 of 10
State (Massachusetts) 3 of 3
Country (United States) 14 of 19
Year (2017) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 PriceRunner

Stockholm, Sweden

PriceRunner is a provider of comparison shopping services in the Nordic region. It has businesses in Sweden, Denmark, Norway, and the United Kingdom and compares 3.4 million products from 22,500 retailers in 25 countries. The company is independent of all manufacturers, brands, and retailers with a mission is to help consumers to find the right products and the best deals. PriceRunner was formed in 1999 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 HomeAdvisor

Golden, Colorado, United States

HomeAdvisor, Inc. is a home services marketplace in North America. HomeAdvisor International operates in six countries through four leading brands: MyHammer in Germany, Austria, and the United Kingdom; Travaux.com in France; Werkspot in the Netherlands; and Instapro in Italy.

Sell -
Mergr

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