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Bazaarvoice enters into letter of intent with Viewpoints to divest PowerReviews

( April 8, 2014, 21:16 GMT | Official Statement) -- MLex Summary: Nasdaq-listed product-ratings company Bazaarvoice announced Tuesday that it has entered into a non-binding letter of intent with consumer reviews platform Viewpoints to sell its PowerReviews business, following a court decision that supported the Department of Justice's findings that Bazaarvoice's acquisition of PowerReviews would reduce competition in the market for product ratings and reviews platforms. The transaction, which is expected to be completed in the first quarter of 2015, is subject to approval by the US District Court for the Northern District of California.Statement follows in full....

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