Microsoft acquires shopping site Jellyfish
BetaNews | at | by Mike
Microsoft said Tuesday that it had acquired comparison shopping site Jellyfish, which allows users to compare and buy products, and then get cash back for purchases made through the site.
The site will remain separate from other products by Microsoft, but act as a wholly-owned subsidiary of the Redmond company. Terms of the deal, which was struck on Thursday, were not immediately disclosed.
"We think the technology has some interesting potential applications as we continue to invest heavily in shopping and commerce as a key component of Live Search," Microsoft's Search and Advertising head Alex Gounares said in a statement.