Symphony Takes On Shopzilla

Symphony Technology Group has completed its $165 million acquisition of Shopzilla from Scripps Networks Interactive (NYSE: SNI). The purchase price includes $150 million in cash that was paid immediately upon closing of the deal and $15 million in deferred payments. Tennenbaum Capital Partners provided debt financing, while Sagent Advisors financially advised the sell side. Shopzilla owns and operates a portfolio of online consumer shopping properties.