Palo Alto, Calif. – Online auction giant eBay will acquire
Milo.com, a local shopping service, in a deal valued at $75 million, Business
Insider reported, citing unnamed sources.
Founded in 2007, Palo Alto,
Calif.-based Milo.com operates a shopping search engine for local retailers,
allowing users to comparison shop.
The company has received venture capital
from investors including True Ventures, Youniversity Ventures, ICBT Capital
Partners, and angel investors including Aydin Senkut, Ron Conway, Jeff Klavier
and YouTube co-founder Jawed Karim.