The Traderszone Network

Published in TZ Latest News 7 September, 2014 by The TZ Newswire Staff

Rakuten in talks to buy U.S. rebate firm Ebates; shares slide

Japan’s largest e-commerce firm Rakuten Inc (4755.T) said it was in talks to buy U.S. Shares of Rakuten fell 4.4 percent in mid-morning trade, underperforming the benchmark Nikkei (.N225), which was flat. Rakuten said in a statement it was in talks but that no final decision on the deal had been made yet. Ebates operates websites offering rebates and coupons from retailers including and Best Buy.