Buy.com sold to Japanese e-commerce site for $250 million and more

Buy.com sold to Japanese e-commerce site for $250 million and more


Buy.com sold to Japanese e-commerce site for $250 million

Section: Web, Websites

Rakuten

Rakuten, a company that runs the largest Japanese e-commerce site, has agreed to purchase Buy.com for a quarter of a billion dollars. The purchase was made with the intention of making Rakuten’s marketplace a viable competitor with e-commerce juggernauts eBay and Amazon. Since the site’s inception in 2000, Buy.com has grown to over fourteen million customers worldwide. Buy.com is currently the largest seller on eBay selling half of its products directly, while the other half are sold through e-commerce businesses using their online store.

"We've had a strong partnership with eBay and we believe we'll continue to have a strong partnership with eBay," said chief executive of Buy.com Neel Grover.

Hiroshi Mikitani, founder and chief executive of Rakuten feels that Rakuten has a more to offer as an e-commerce site when compared to its competitors. Sellers can create their own marketing campaigns, design their shops and communicate directly with their customers. In addition, Rakuten offers a gaming initiative which rewards shoppers for shopping through the site’s points program.

Your move eBay/Amazon.

Read [NewYorkTimes]

Full Story » | Written by Tarun Kunwar for Gadgetell. | Comment on this Article »



Want Android 2.2 on your Nexus One? Try this

Section: Communications, Cellphones, Cellular Providers, Smartphones, Mobile, Web, Google

Google Nexus One

One clever individual managed to find the Android 2.2 Froyo .zip file on Google servers and posted it to the public.  If you are running a Google Nexus One “non-rooted stock ERE27 system” then you can simply download the file off the Google server and run it on your Nexus One.  In case you have a stock Nexus One that has never been rooted, you can still run Android 2.2 using a method explained here

In case you decide to install the latest Android software, proceed with caution and only do so if you know what you are doing.  Feel free to let us know how it works in the comments below. 

Read [XDA Forums] Download [Google]

Full Story » | Written by Natesh Sood for Gadgetell. | Comment on this Article »



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