Bazaarvoice News

Bazaarvoice has acquired venture-backed PowerReviews for roughly $150 million. Menlo Ventures , a lead investor and largest shareholder in PowerReviews, said that it scored a 3x return in the deal.

Bazaarvoice Inc. has agreed to acquire PowerReviews Inc. , a San Francisco-based social platform for customer reviews.

Anthony Ha is a writer at TechCrunch, where he covers media, advertising, and startups.

Bazaarvoice has purchased rival PowerReviews for $31 million cash and up to 8 million shares in common stock, the companies announced late today.

The deal will unite the two dominant providers of ratings-and-reviews technology to online retailers.

Austin-based Bazaarvoice has agreed to acquire its close competitor PowerReviews for roughly $151.9 million in cash and stock.

Austin-based Bazaarvoice made its first acquisition on Thursday, with the purchase of competitor PowerReviews for $152 million in cash and stock.

Bazaarvoice, Inc. , a leading social software company, today announced that it will host a conference call to discuss its financial results for the fiscal fourth quarter and fiscal year ended April 30, 2012 on Wednesday, June 6, 2012 at 4:30 p.m. Eastern Time following the release of its quarterly and annual financial results.