Symphony Technology Group Buys Shopzilla for $165M

Mid-market private equity firm Symphony Technology Group will pay $165 million to buy Shopzilla Inc. from Scripps Networks Interactive Inc. The deal includes $150 million in immediate cash, and $15 million in deferred payments. Shopzilla is a consumer lead generation platform focused in online retail. The company owns and operates a portfolio of online consumer shopping properties in comparison shopping, product discovery and social shopping.

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