Showroomprive is in negotiations with Italian e-commerce service provider Banzai to acquire Saldiprivati, one of Italy’s leaders in online private sales. Saldiprivati counts two million registered users and more than two million products sold every year.
Through this acquisition, Showroomprive, which is listed on Paris’ Euronext stock exchange, might boost its presence in Italy. Last year, Showroomprive generated revues of 600 million euros, or $666 million at average exchange rate.
On Wednesday, Banzai’s board agreed to negotiate exclusively with Showroomprive until Sept. 30.