M&A Deal Summary

PriceGrabber.com Acquires Snapette.com

On August 20, 2013, PriceGrabber.com acquired software company Snapette.com

Acquisition Highlights
  • This is PriceGrabber.com’s 1st transaction in the Software sector.
  • This is PriceGrabber.com’s 1st transaction in the United States.
  • This is PriceGrabber.com’s 1st transaction in California.

M&A Deal Summary

Date 2013-08-20
Target Snapette.com
Sector Software
Buyer(s) PriceGrabber.com
Deal Type Add-on Acquisition

Target

Snapette.com

Los Angeles, California, United States
Snapette.com, Inc. is a provider of shopping mobile application that connects shoppers to fashion products available in nearby stores.

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Buyer(S) 1

Buyer

PriceGrabber.com

Los Angeles, California, United States

Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

PriceGrabber.com is a provider of online comparison shopping services in the US. It is based in California, employs 140 people and has been privately held. Its website enables consumers instantly to obtain free and unbiased information before making a purchase decision. Its database contains millions of products in over 20 categories such as consumer electronics, photography, computers, home and garden and apparel. Consumers can then find the retailer or seller which provides the most attractive offer. PriceGrabber.com connects its online shoppers to over 9,000 merchants of all sizes, from large traditional retailers to smaller local sellers. These merchants pay PriceGrabber.com for each lead (or each consumer directed) to the retailer's own website. PriceGrabber.com also powers comparison shopping on over 300 websites, including About.com, Ask Jeeves, Bell South, Comcast and MSN.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1