Bazaarvoice (BV) Rebounds; Firm Says Market 'Overreacted' to DoJ Suit
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Bazaarvoice (BV) Coments on PowerReviews DoJ Decision; Dissappointed in Action
January 11, 2013 7:50 AM ESTBazaarvoice, Inc. (Nasdaq: BV)issued the following statement in response to the antitrust action filed by the U.S. Department of Justice (DOJ) regarding Bazaarvoice's acquisition of PowerReviews:
We are disappointed with the filing of yesterday's lawsuit. We provided the DOJ with extensive documents, data, and information demonstrating that our acquisition of PowerReviews was procompetitive and did not result in a lessening of competition. We spent more than six months explaining that there is robust and ample competition in the market for social commerce engagement tools. We disagree with the DOJ's... More
