Japan’s lotte Ebates proposed $950 million takeover of the online retailers

on September 8, history of billionaire group (Hiroshi Mikitani) owned by Japanese e-commerce giant lotte (ex) plans to spend $950 million m buying American Ebates online retailers, and then expand overseas market.

on September 6, according to the company’s statement, lotte talks with Ebates is for the purchase. Purchase price, the sources said lotte has the potential to about 100 billion yen ($950 million), the two sides are close to a final agreement, the earliest can announced a deal this week.

but investors do not seem to be optimistic about the deal. In Tokyo stock exchange, lotte shares fell to 1263 yen, down about 4.7%. This is since this year on May 9, the biggest intraday decline lotte’s share price.

in March of this year, lotte paid $900 million for cross-platform network telephone and instant messaging services Viber. According to the lotte revenue report, released last month, Viber registered users has reached 608 million, an increase of 200 million from the end of last year. History of lotte CEO group, said the Viber downloads in India, Russia, Latin and southeast Asia region particularly rapid growth, lotte intends to electricity service integration with Viber.

, the sources said, according to the agreement of the parties after the acquisition of Ebates lotte will receive a series of services, including for those shopping on Ebates cooperation website users provide the rebates. Given asset management company CEO Mitsushige Akino said, because both sides did not disclose details, it is unclear what to buy what can produce chemical reaction, so it is difficult to determine whether the transaction is reasonable.

in June of this year, said lotte open-minded for large acquisitions. At that time, the first day of lotte issuing public bonds, sold 30 billion yen worth of three-year bonds, have strengthened the company’s financial situation.

lotte is accelerating the Japanese acquisitions at home and abroad. Lotte announced in July this year with AirAsia Bhd & airline and has a 18% stake, low-cost aviation services into Japan. In 2012 it has acquired ebook company Kobo, Canada in 2010 paid $250 million for the shopping website, Buy.com.

Ebates was founded in 1998, is headquartered in San Francisco. The company for more than 1700 online stores offer discounts and preferential trading, including amazon, Macy’s and Home Depot, users can receive quarterly each deal with a certain percentage of the discount. Now it has launched a user loyalty program, allows users to use their win points when shopping in the future. (David Beckham)

source: tencent technology

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