With moving away from classified and listings businesses, Ebay agreed to sell its Rent.com business unit to PRIMEDIA, reports Reuters. Ebay bought up Rent.com back in 2004 for $400 million. The transaction is expected to close in the second quarter whereas deal terms and conditions were not disclosed. Rent.com is a leading online listing website for rental properties. The business will be added to several other rental websites already owned by PRIMEDIA, including ApartmentGuide.com, Rentals.com, RentalHouses.com and NewHomeGuide.com.
I2Mag, an Internet & Design Inspiration Magazine having emphasis on empowering and inspiring people by spreading the waves of knowledge. I2Mag is an independent news source dedicated to covering start-ups, reviewing internet products, social media, digital culture and technology news.