InfoSpace Gets Into E-Commerce

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 Editor of Xconomy Boston. E-mail him at gthuang [at] Follow @gthuang

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2 responses to “InfoSpace Gets Into E-Commerce”

  1. 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.