Rakuten Buys Ebates For $1 Billion — techcrunch.com

Rumors have been swirling around Japan’s Rakuten, which has been in discussions with rebate website operator Ebates.com, regarding a potential acquisition deal. That deal has now gone through, as the company announced today it has agreed to acquire Ebates for $1 billion. That’s roughly what Rakuten paid to acquire mobile messaging app Viber back in February. Rakuten is paying $1 billion in cash for the company, and will retain 100 percent of Ebates’ outstanding voting stock, as the deal completes.

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