Shares of eBay (EBAY) are down 1.20 percent to $30.38 after the co. announced this afternoon it has acquired Critical Path Software, the developers of eBay’s app for mobile phones. The acquisition doubles the size of EBay’s mobile team.
“We’re very serious about innovating in mobile commerce, and this acquisition underscores our commitment to bringing the very best and brightest in the field to eBay,” Mark Carges, CTO and senior VP, global products, eBay Marketplaces, said in a statement. “Integrating the Critical Path Software team into eBay will be a big win for mobile shoppers around the world; combined with the talent on our team today, we can make shopping and selling anywhere, anytime, for almost anything, even better.”
eBay said in its press release that eBay Mobile collaborated with Critical Path Software most recently on eBay Inc.’s most popular mobile app, the iPhone 2.0 core eBay app, which has been downloaded by more than 14 million times since its launch in 2008.
Terms of the deal were not disclosed.