Ebay Buys Hunch for $80 Million
In a scoop for Michael Arrington's new Uncrunched, news broke this morning that Ebay would acquire crowd-sourced search startup Hunch for $80 million. The deal has now been confirmed in an official announcement that omits the sale price. According to Arrington's report, Hunch, a startup that raised $20 million in funding, "will be used by Ebay to revamp their own ecommerce recommendations." Hunch co-founder Chris Dixon will take over Ebay's 50-strong recommendation team and start an office in New York, where Hunch is based, Arrington reports. He's to grow that office to 200 people. The story's Arrington's biggest scoop since he split off from AOL-owned TechCrunch and started Uncrunched back in September.
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