eBay Buys Digital Marketplace Bureau of Trade
eBay announced on Friday that it has acquired digital marketplace Bureau of Trade. Founder Michael Phillips Moskowitz will join the eBay Marketplaces team.
Terms of the deal were not disclosed. eBay says on its blog:
This year, eBay enhanced its homepage and unveiled a more personal way to shop the site. To continue this focus on tailored shopping experiences, Moskowitz will be helping eBay’s 120 million active users (as of June 30, 2013) discover items that match their individual tastes and preferences.“
As an influential tastemaker, Michael is perfectly poised to further eBay’s mission of connecting shoppers to the things they need and love,” says Richelle Parham, Chief Marketing Officer for eBay North America, who adds that eBay will benefit from Moskowitz’s perspective of “exceptional goods with a story” in house.
This comes after news earlier in the week that eBay is acquiring payments platform Braintree, which will be a separate product under PayPal.