eBay Grabs Rent.com for $415M
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Wed auctioneer eBay (Quote, Chart) continued its expansion into classified listings late Thursday with the acquisition of Rent.com for $415 million in cash and stock.
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eBay, The World's Online Marketplace (Nasdaq:EBAY) (www.ebay.com),  today completed its previously announced acquisition of StubHub, a  leading online marketplace for the resale of event tickets.  eBay announced the acquisition on January 10, 2007.
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EBay (EBAY), the world&#39;s largest online marketplace, Wednesday posted a quarterly profit that rose 77% from a year ago, fueled by growth in its international and PayPal businesses.
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The online auctioneer buys Rent.com for $415 million.
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You might call it the ultimate full-circle moment: Two guys fed up with paying eBay listing fees are now selling their own alternative to the online auction business &#151; on eBay.
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NEW YORK -- 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 $415 million in stock and cash.
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Ebay, the world's biggest online auctioneer, is to close its primary China site and form a new partnership with Beijing based, Tom Online, according to news reports. Ebay is expected to pay $40 million for a 49% stake in the venture.
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EBay looks set to complete the purchase of an online auction business in South Korea. On Thursday it filed a tender offer to acquire the remaining shares of Internet Auction (IAC) that it does not already own, in a deal valued at about $4m (Â£2.
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Is there really gold in Paris Hilton's garbage, or is it just a shaggy dog story? A pair of enterprising scavengers from the Web site HollywoodStarTrash.com were stunned to learn Wednesday that the empty gourmet dog food can they had plundered from Hilton's trash had launched an eBay bidding war reaching $1.5 million.
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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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Web auction leader eBay Inc.  has acquired Web surfing recommendation site StumbleUpon for $75 million in cash, matching the highest value reported as under discussion weeks ago.
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(InfoWorld) - EBay launched its Kijiji International classified advertising site in the U.S. Friday. Previously available in countries including Russia, China, and India, the U.S. Kijiji site went live with little fanfare from its auction parent, which owns 25 percent of Kijiji's main U.S. rival, Craigslist. Posting ads on the site is free, and unlike eBay, which can facilitate payment for transactions via its PayPal payment subsidiary, Kijiji plays no role in completing sales. However, it's easy to see how eBay could plug in both PayPal and Skype telephony, which it also owns, into Kijiji to create a kind of supercharged classified site that Craigslist would then require outside partnerships to match. Although it is offering classified ads for all 50 U.S. states, those placing ads must first choose a nearby city for classification, and that list is far from comprehensive. For example, New Jerseyans looking to sell their wares must classify them as being closest to Newark or Atlantic City -- not necessarily convenient choices for people residing elsewhere in the state. Unlike its category-killing sibling companies PayPal and Skype, Kijiji, which means "village" in Swahili, is one of eBay's least-known brands since its 2005 launch, in part because it did not have a U.S. presence. The site gives no indication that it is an eBay property, offering no "About Us" link or corporate information. The Kijiji Canada site does however contain a link to eBay Canada. Its China site clearly displays an eBay logo at the bottom of the page.
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EBayâs online payments division, PayPal, will pay $169 million for an Israeli security company specializing in detecting online fraud, the companies said Monday.
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EBay, the online marketplace, yesterday continued its push across the globe with a $530m (Â£296m) offer to take full control of its South Korean affiliate, Internet Auction Co.
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Successor has big pricing changes ready Ten years of hawking Britney Spears' used undies and Hummel figurines proved enough for Meg Whitman. The eBay CEO today announced her departure plans, as her company dished out solid fourth quarter figures.â¦Learn &amp; Contribute, Live &amp; Online - The Register Debates Green Computing
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Blog: The Business.com site is on the auction block; it could fetch $300 million to $400 million, according to reports.
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EBay, the world&#39;s largest Internet auction house, is making a purchase of its own, increasing its stake in South Korean affiliate Internet Auction.