Seeking Alpha

Court rules against Bazaarvoice acquisition; shares -16.2% premarket

  • A Northern California federal district court has ruled in favor of a DOJ suit (initially filed a year ago) opposing Bazaarvoice's (BV) acquisition of rival online review/social media engagement  platform PowerReviews on antitrust grounds. (PR)
  • Bazaarvoice says it won't decide whether to appeal until after "the Court concludes the remedy phase of the litigation." Remedy proceedings start on Jan. 22.
  • Bazaarvoice closed its acquisition of PowerReviews in June 2012. The company paid $31M in cash and issued 8M shares/options.
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