eBay Make $145 Million For Rent.com, Says Document Filed With SEC

Posted on Oct 22 2012 - 5:00am by Editorial Staff

According to a document filed with the Securities & Exchange Commission on Friday, eBay has finally disclosed that how much money it made from the sale of its Rent.com subsidiary after closing the deal months ago. The sale of Rent.com made a totaled $145 million to the company. Back in March, Atlanta-based Primedia purchased the website although eBay originally acquired Rent.com seven years back for $435 million in cash.

If you still don’t have any idea on what Rent.com is all about, then:

Rent.com is the nation’s #1 Internet listing site (ILS) in the rental housing industry, enabling renters to find a residential rental property online using a free robust search tool. Rent.com has the most online traffic annually and the largest inventory of contracted property listings.

Renters can search the site’s detailed property listings, including contact information, pricing, photos, floor plans, and virtual tours. With the ability to directly contact property managers, finding the rental housing of your dreams is as easy as 1-2-3.

In addition to providing renters free access to detailed property listings and robust search tools, Rent.com rewards renters with a $100 prepaid Visa debit card if they: (1) find their property using the Rent.com website, (2) tell the property owner or manager they found their rental home using Rent.com, and (3) report to Rent.com signing a lease with a property that participates in the $100 Reward Card Program.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.