EBay buying Rent.com for $415 million
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.
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