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Compaq Computer To Buy Shopping.com

Compaq Computer To Buy Shopping.com

Posted on January 12, 1999 by Chief Marketer Staff

Compaq Computer Corp. will buy Shopping.com Inc. for $19 per share, or a total of $220 million.

“In my opinion the value that has been created at Shopping.com for the benefit of its shareholders after only roughly one year of becoming a public company made the offer by Compaq attractive to the company,” Frank W. Denny, CEO and president of Shopping.com, said in a statement.

Shopping.com (http://Shopping.com) sells 2 million brand-name consumer products online, including computers, books, office products, CDs, pet supplies and housewares.

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