eShop Inc.
 | This article needs additional citations for verification. (June 2018) |
| Industry | Internet, software, electronic commerce |
|---|---|
| Founded | 1991 |
| Founder | Arnold Blinn, Matt Kursh, Pierre Omidyar, Will Poole, Greg Stein |
| Fate | Acquired by Microsoft in June 1996 |
| Headquarters | San Mateo, CA |
eShop Inc.[1] (formerly known as Ink Development Corporation)[2] was an American software company founded in 1991.[1] It was started as a software company to develop products for Go Corporation's PenPoint operation system. In later years, it developed software for the Windows for Pen Computing and Magic Cap platforms.[citation needed]
In 1993, it was renamed to eShop Inc. and developed electronic commerce software, focusing primarily on the "business-to-consumer" marketplace.[citation needed] eShop Inc. launched eShop Plaza in November 7, 1995, which included stores from online merchants.[1][3]
eShop was acquired by Microsoft on June 11, 1996 for less than $50 million and eShop's technologies were integrated into Microsoft Merchant Server.[1][4][5] Pierre Omidyar, one of the founders of eShop, earned over $1 million from the deal and later founded eBay.[2]
References
- ^ a b c d Microsoft Acquires eShop Archived 2009-01-04 at the Wayback Machine (press release)
- ^ a b Viegas, Jannifer. Pierre Omidyar: The Founder of Ebay.
- ^ "eShop - In the News". 1996-10-18. Retrieved 2018-09-13.
- ^ "MS adds eShop to its buying spree". CNET. 1996-06-11. Retrieved 2018-06-24.
- ^ "Microsoft Corp acquires eShop Inc (1996/06/11) - Thomson Financial Mergers & Acquisitions - AlacraStore.com". 2009-08-03. Retrieved 2018-09-13.
External links
- "IBM, Microsoft do some power shopping", article on CNET