eBay snaps up Rent.com for $415m - GoFuckYourself.com

DVTimes · 12-18-2004, 01:15 PM

Internet auction firm eBay has agreed to buy Rent.com for $415m (£214m) giving it access to more of the online property market.
eBay will pay $385m in stocks and $30m in cash, with the deal set to be completed in the first quarter of 2005.

It has been expanding both at home and abroad this year, and has bought into firms in South Korea and Germany.

Rent.com, which helps users find flats as well as housemates, has annual sales of about $40m and was launched in 2001.

"The acquisition will enable eBay to expand into a new segment of the online real estate market," the auction house said in a statement.

It also will allow "Rent.com to continue to scale its business with the resources and expertise of eBay".

The purchase is expected to have a slight effect on eBay's earnings next year, the company said.
http://news.bbc.co.uk/1/hi/business/4103787.stm

candyflip · 12-18-2004, 01:16 PM

Yesterday right?

Dirty F · 12-18-2004, 01:17 PM

They bought it twice?

Dalai lama · 12-18-2004, 01:18 PM

Quote:

Originally posted by Battuss
They bought it twice?

Twe Russ · 12-18-2004, 01:26 PM

Old news. Old Post.

12-18-2004, 01:15 PM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,547	eBay snaps up Rent.com for $415m Internet auction firm eBay has agreed to buy Rent.com for $415m (£214m) giving it access to more of the online property market. eBay will pay $385m in stocks and $30m in cash, with the deal set to be completed in the first quarter of 2005. It has been expanding both at home and abroad this year, and has bought into firms in South Korea and Germany. Rent.com, which helps users find flats as well as housemates, has annual sales of about $40m and was launched in 2001. "The acquisition will enable eBay to expand into a new segment of the online real estate market," the auction house said in a statement. It also will allow "Rent.com to continue to scale its business with the resources and expertise of eBay". The purchase is expected to have a slight effect on eBay's earnings next year, the company said. http://news.bbc.co.uk/1/hi/business/4103787.stm __________________ The Affiliate Program

12-18-2004, 01:16 PM	#2
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,066	Yesterday right? __________________ Spend you some brain. Email Me

12-18-2004, 01:26 PM	#5
Twe Russ Confirmed User Join Date: Jan 2003 Location: NYC Posts: 3,493	Old news. Old Post. __________________ Contact information - ICQ: 7.9.0.3.0.0 · AIM: no roach · E-Mail: roachito \|\| @ \|\| gmail \|\| . \|\| com [Friend Finder - Geo Targeting & Incredible Site Ratio] - [Credit Card Traffic - Make $65 Per Join]

12-18-2004, 01:17 PM	#3
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	They bought it twice?