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 Editor in chief. E-mail him at gthuang [at] xconomy.com. 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.