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December 17, 2004
Ebay pays Rent.com
In a move that combines nearly $400 million in share options with $30 million in cash, Ebay has purchased rent.com.
While rent.com had annual sales the past year of $40 million, the purchase sets ground for Ebay in a property market that has inflated heavily in the US.
With property bubbles apparent in major economies across the world, this is one Christmas present that may yet prove costly in the long-term.
Posted by at December 17, 2004 10:39 PM
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