Milo.com Snapped Up by eBay

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The Business Insider is reporting that eBay has struck a deal to buy San Francisco start-up Milo.com for $75 million.

Jack Abraham, the son of comScore founder Magid Abraham and an Inc. 30 Under 30 honoree this year, founded the site in 2008 in order to provide real time data about what products a store has in stock. He's only 24. No word yet on whether he'll be heading to eBay with his company. Abraham would not comment on the report when contacted by Inc.

Milo.com, named after Abraham's Jack Russell Terrier, tracks information on 50,000 stores and 2.8 million products. In its first year, traffic jumped 70 percent and currently draws more than one million unique visitors a month.

Abramson has raised $5 million from True Ventures and several high-profile angel investors including Aaron Patzer of Mint.com fame, Katerina Fake from Flickr, Jawed Karim of YouTube, and his father.

Abraham is the second 30 Under 30 honoree to make a deal with eBay this year: in June, Jeffrey Powers and Vikas Reddy of Occipital sold their RedLaser iPhone app, which lets users scan barcodes to search for better prices online, to the e-commerce giant for an undisclosed sum.

Matt Quinn contributes to the Wall Street Journal's corporate finance blog. He has also written extensively about banking and corporate finance for publications including Inc., American Banker, and Financial Week. He lives in Brooklyn, New York.