Ebay Acquired Milo For $75 million

Milo's CEO, Jack Abraham must be a happy man today. He's just confirmed the news of acquisition of Milo by EBay for $75 million (#-Link-Snipped-#).

The company investors got a great deal. They had raised $5 million from venture capital firm 'True Venture'.

Milo's core business is listing of in-store products inventory for over 50k stores across the USA. Milo features over 3 million products on its website making it a perfect buy for company like eBay. This acquisition is important considering that Google too launched a similar product on mobiles and it's called blue dot.

Congratulations to Milo