4 Merger and Acquisitions Stock Stories Making Monday Moves
EBay Inc. (NASDAQ:EBAY): Current price $55.87
EBay has purchased the online marketplace for men’s shopping Bureau of Trade. Founder Michael Phillips Moskowitz will come to the EBay Marketplaces team, where his concentration will be on assisting eBay upgrade its personalization efforts. Financial terms of the acquisition were not divulged, but it was an all-cash transaction and an “acceptable” and positive outcome for Bureau of Trade’s investors. The startup had raised $1.2 million in seed funding in a round led by Foundation Capital, with contributions from FF Angel, Founder Collective, Courtney Holt on behalf of the Techfellows Fund, together with other angel investors.