Yahoo said today it had agreed to buy European online comparison shopping service Kelkoo for about €475 million in cash to expand its Internet services for marketers and consumers.
Yahoo said the cash payment for up to 100 per cent of Kelkoo's share capital could be subject to certain adjustments as part of the deal, which it expects to close in the second quarter this year.
It does not expect to reduce the workforce of 250 at Kelkoo, which will become a subsidiary of Yahoo.
