Symphony Pays $165M For Shopzilla

Symphony Technology Group has acquired online retailer Shopzilla from Scripps Networks Interactive. The private equity firm paid a total of $165 million for the acquisition.

As a part of the deal, the buyer paid $150 million in cash and $15 million in deferred payments. Wells Fargo Capital Finance and Tennenbaum Capital Partners have provided debt financing for the transaction.

Click here for the release from Business Wire.