Fenwick & West represented Israeli online comparison shopping company Shopping.com, Ltd. (Nasdaq: SHOP) in its acquisition by eBay, Inc. (Nasdaq: EBAY). Shopping.com is a global leader in online comparison shopping with sites in the U.S., the U.K. and France. With approximately 50 million unique visitors a month, according to comScore Media Metrix, it is the third largest shopping destination on the web. eBay will pay approximately $620 million in cash to acquire all outstanding shares of Shopping.com. The transaction is subject to regulatory approvals and closing conditions and is expected to close in the third quarter of 2005.
The Fenwick & West transaction team consisted of: corporate group attorneys Gordon Davidson, David Michaels, Cindy Hess, Greg Roussel, Garth Bossow, Khang Tran and Nandini Acharya; employee benefits group attorneys Scott Spector, Blake Martell and Bill Herochik; tax group attorneys Ron Schrotenboer and Tony Cipriano; and intellectual property group attorneys Steve Gillespie and Chris Joslyn.