September 21st, 2011

Japan’s Rakuten Acquires UK E-commerce Site Play.com For $39.2 Million

play

Amazon, take (another) note.

Rakuten, a massive consumer and business-focused Internet service company, this morning announced that it has acquired e-commerce site Play.com, one of the UK’s largest online retailers.

Under the terms of the agreement, which has been approved by Rakuten’s board, the e-business giant is paying approximately £25 million (3.3 billion yen or roughly $39.2… → Read More