eBay Acquires Milo For $75 Million

eBay Inc. (NASDAQ:EBAY) is acquiring local shopping start-up company Milo.com for $75 million. Milo.com raised seed funding in November 2008 and $4 million in Series A last year. Rumor has it that True Ventures owns about 20% in Milo.com, which means they possible made about $20 million (10x of their investment from last year). Milo.com lists in-store product inventory at over 50,000 stores in real-time. These include products from Target, Best Buy, Macy’s, Crate & Barrel etc. [TechCrunch]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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