eBay buys local shopping engine Milo

December 2, 2010 3:02:12 PM PST
eBay has bought a local shopping engine called Milo that lets consumers search online for products that are available at stores near them. It plans to add Milo results to those eBay users get when they search the company's website and mobile apps.

eBay did not disclose terms of the acquisition, which marks the San Jose-based company's latest attempt to penetrate the world of offline retail and intermingle it with its online marketplace.

Milo tracks inventory ranging from laptops to body jewelry at about 50,000 stores in the U.S. Visitors can search for products currently in stock or out of stock at nearby stores and that are usually carried by those stores. Once users find the product they