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US: Bazaarvoice strikes a deal with DOJ over merger dispute

By  |  April 25, 2014

Product-review software company Bazaarvoice has struck an agreement with the US Department of Justice after officials sued the company over what they considered an anticompetitive acquisition of PowerReviews.

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    According to reports, Bazaarvoice has agreed to divest assets to unwind the acquisition, made in 2012 for $168 million.

    In a statement, Bazaarvoice said Viewpoints will acquire the assets that hold PowerReviews operations.

    Bazaarvoice fought the DOJ’s ruling that the merger harmed the online ratings industry, but a federal judge earlier this year sided with the regulator. The DOJ resolved that the only proper solution would be for Bazaarvoice to unwind the tie-up.

    Bazaarvoice’s planned sale remains subject to approval by the court.

    Full content: Bloomberg

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