InfoSpace Gets Into E-Commerce

5/11/10Follow @gthuang

Bellevue, WA-based InfoSpace, the online metasearch and discovery company, said today it has acquired the assets of Mercantila, an online retail and e-commerce company based in San Francisco, for $8 million in cash plus up to $5.9 million in “certain liabilities.” InfoSpace (NASDAQ GS: INSP) says acquiring Mercantila’s e-commerce software and 200-plus specialty stores on the Web will help it expand its audience beyond search and “become a strong e-commerce player.” Mercantila is now a wholly owned subsidiary of InfoSpace run by Nikhil Behl, the former chief merchandising officer at Mercantila.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

By posting a comment, you agree to our terms and conditions.

  • http://www.dailygrommet.com Jules Pieri

    Congrats to Will Lansing and Stephen Hawthornwate and all the Infospace team on a great move. With their e-commerce experience and consumer reach, they will be able to nicely leverage the Mercantila assets and accomplishments.

  • http://www.vibrammbtsale.com five finger shoes

    top0!!