Ebates Bought By Rakuten For $1 Billion

Ebates, a US rebate site, is being bought by Rakuten, a Japanese e-commerce firm, for $1 billon. Rakuten will retain 100 percent of Ebates’ outstanding voting stock when the deal completes.  San Francisco-based Ebates offers a website that offers customers a way to earn cash back when shopping online at over 2,600 stores.  With the acquisition, Rakuten now has a new entry point into the U.S.’s growing e-commerce market.

Ebates is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 104 companies organized by investment theme.  For more information about the Triton Research IPO Watchlist please contact Kaylan Tildsley at (212) 804-6151.