Bazaarvoice Acquires PowerReviews for $152 Million in Cash and Stock

Austin-based Bazaarvoice has agreed to acquire its close competitor PowerReviews for roughly $151.9 million in cash and stock. According to the terms, Bazaarvoice will pay $31 million in cash and the remainder in stock. Both companies develop technology that help retailers interact with consumers. In particular, PowerReviews was focused on managing and hosting product review sections for e-commerce sites.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik