For all you Ebay freaks...Ebay purchases - RCCanada - Canada Radio Controlled Hobby Forum
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Old 12-18-2004, 08:51 PM   #1
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For all you Ebay freaks...Ebay purchases

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In a diversification move, online auctioneer eBay Inc. is buying the privately held, which specializes in Internet listings of apartment and house rentals, for about $415 million in stock and cash.

The deal, announced Friday, would enable eBay to expand into a new segment of the online real estate market., which is based in Santa Monica, Calif., was launched nationally on October 2001 and matches prospective renters and landlords who are charged a fee if they sign a lease as a result of their free property listings.

" has been extremely successful in the apartment rental space online and is a great match for eBay," Bill Cobb, president, eBay North America, said in a statement. Under terms of the deal, eBay would pay $30 million in cash and shares worth about $385 million.
Source Yahoo News


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