Posted on December 20, 2004 by site admin

On Friday, eBay announced that it is acquiring yet another Internet property, this time the online apartment and rental broker, Rent.com.

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.

You can read more about the acquisition here.