EBay buys Rent.com Premium Content

Largest Internet marketplace enters online real estate

Inman News®

EBay today announced plans to purchase Rent.com, making its entrance into the online real estate category in a deal valued at approximately $415 million. Rent.com 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.

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