E-commerce companies were involved in 77 mergers and acquisitions in the second quarter of 2012, with more than $3.4 billion in value being exchanged as a result, according to investment bank Petsky Prunier.
The biggest e-commerce investment from the quarter was initiated by Japan’s Rakuten, which invested $100 million in Pinterest at a reported $1.5 billion valuation, the report says.
We’d love to be your preferred source for news.
Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!
Read the full report here.