EBay Acquiring South Korean Auction Affiliate
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EBay Acquiring South Korean Auction Affiliate  EBay Inc., according to news wire reports, has offered a price near $530 million to purchase the remainder of eBay South Korean affiliate - Internet Auction Co. Ltd. The move is seen as an expansion of the eBay strategy to push deeper into Asia. EBay ...
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EBay announced that it will hand over control of its main website in China to Beijing-based TOM Online in the hope a local offering will prosper where the US firm floundered.
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EBay Inc. said on Tuesday it is folding its China operations into a new venture controlled by a local partner as the U.S. Web auction giant switches strategies for tapping the promising Chinese market where it has so far struggled.
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Internet auctioneer eBay Inc. said Friday it acquired a 25 percent stake in craigslist, an online community of classified ads and forums.
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EBay Inc. CEO Meg Whitman emphasized her commitment to the Chinese e-commerce market Tuesday, announcing a new Web site and joint venture with a Beijing-based Internet company.
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EBay Inc.  on Tuesday  confirmed it is forming a joint venture with Chinese partner  Tom Online  as the U.S. Web auction giant  switches strategies for tapping the promising China market  where it has so far struggled.
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EBay Inc.  on Thursday said it will soon launch a tender offer to buy the remaining outstanding shares of South Korea's Internet Auction Co. Ltd. for about &#36;41.1 million in cash.
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SAN FRANCISCO (CBS.MW) -- EBay said late Tuesday it has agreed to buy 3 million shares of Korea&#39;s Internet Auction for $325 million in cash.
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In a diversification move, online auctioneer eBay Inc. is buying the privately held Rent.com, which specializes in Internet listings of apartment and house rentals, for about &#36;415 million in stock and cash.
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(InfoWorld) - A massive computing grid helps eBayÂ make changes to its auction Web site on the fly while maintaining a 99.94 percent up time, said Paul Strong, a distinguished research scientist there. While eBay designed most of its grid infrastructure, the company also wants to participate in standards-setting communities to bring more improvements to computer grid technology, Strong said Tuesday during the GridWorld conference in Washington, D.C. EBay's core business is hosting Web-based auctions, not in creating new grid technologies, he said. "We don't see ourselves as an IT development shop for development tools," he said. By working together on grid standards, participants can help "transitions be less painful," he added. On Monday, the Open Grid Forum standards body officially opened for business, delivering on its commitment made in June to detail its goals during GridWorld. EBay has made great strides in its back-end technology since the late '90s, but the company still wants more improvements, including the ability to change the site's code nearly instantaneously, Strong said. Right now, the company, with more than 15,000 servers in its production environment, distributes new application code to its Web site every two weeks, he said. EBay developers write about 100,000 lines of code each week, and using a traditional grid made up of about 350 Windows, Linux and Solaris computers, the site takes about 20 minutes to update with the new features, Strong said. With 104 million items listed for auction on eBay every day, the company needs to keep the site running while those changes are happening, he added. "We can't afford to take the site down," he said. "It's like changing the engines on a jumbo jet mid-flight." About $1,608 worth of merchandise sells on eBay every second, and a vehicle sells every two minutes on average, Strong said. A trading card sells every six seconds, and a pound of the Korean food kimchi sells every minute. The site has seen huge growth since the late '90s, he noted. Ebay.com has gone from 54 million page views a day in June 1999 to 874 million in December 2005, Strong said. The site sent out 35 million e-mail messages a day in December, compared to 1 million a day in June '99. And the site's up time went from about 97 percent to 99.94 percent in that time period. Still, the company would like more grid functionality, Strong said. EBay would like to get closer to that mythical 99.999 percent up time, he said. "We break almost anything we use," he said. "We're pretty much at the extreme limit of what you can do with off-the-shelf technology." And eBay doesn't want to wait to update the site every two weeks, he added. "We want to be faster; we want to be more agile," he said. "If someone comes up with a cool change that's not that big, I'd like to be able to roll it tomorrow." Improvements in grid computing is where community standards can help, he said. "We believe everyone has something to contribute," he said to the GridWorld audience. "We'd like to share ... with the community." GridWorld is organized by IDG, the parent company of IDG News Service.
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EBay Inc. offered about &#36;530 million to buy the remainder of South Korean affiliate Internet Auction Co. Ltd. as it pushes deeper into Asia, saying key shareholders had accepted a 79 percent increase to an earlier offer.
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The owner of South Koreaâs largest builder and second-biggest airline bid for control of the Korea Express Company to add cargo delivery and warehousing services.
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EBay Inc., the world&#39;s largest Web auctioneer, agreed to buy privately held Rent.com for $415 million in cash and stock to expand in the online real-estate market.
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Ebay Inc. has agreed to acquire property listings site Rent.com Inc. for US$415 million in its latest move to expand beyond online auctions, the company said late Thursday.
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NEW YORK, September 2 (New Ratings) - eBay (EBAY.NAS) intends to continue with its expansion in Asia with an increased stake in Internet Auction Co.
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EBay Inc., which has been aggressively expanding in Asia, plans to increase its stake in South Korea's largest online auction company.
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EBay, the world&#39;s largest Internet auction house, increased its stake in Internet Auction, the biggest online auction company in South Korea.