From the Financial Times:
The internet company, which has been re-evaluating its business under its returned chief executive, paid €475m ($672m) in cash for Paris-based Kelkoo in March 2004, as part of a push to bolster its European operations. However, it acknowledged on Tuesday that it had not progressed as expected.
As many of you know, I know almost nothing about the international shopping engines. All the major US shopping engines have a foothold in France, Germany, and the UK. PriceRunner seems to be a leader in some countries. Ciao seems to always be mentioned.
Would appreciate some international readers posting comments. A couple years back I talked with Scott Macon who I believe is currently the Managing Director for Shopzilla. Scott, if you’re reading this, can you shed some light on what you think might be up with Kelkoo? Is Yahoo! just trying to focus (on mobile, broadband, local, etc.) or is there actually something wrong with Kelkoo? Thanks.