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by CareyBot

EBay today announced plans to purchase, making its entrance into the online real estate category in a deal valued at approximately $415 million. is an online listing service in the apartment and rental-housing category. The acquisition amount will be paid with approximately $385 million in eBay common stock and $30 million in cash. The purchase will enable eBay to expand into a new segment of the online real estate market while allowing to continue to scale its business with the resources and expertise of eBay. " has been extremely successful in the apartment rental space online and is a great match for eBay," said Bill Cobb, president, eBay North America. "Together we can strengthen both businesses and help consumers get the most out of real estate on...