Ebay Selling Off Its Rent.com To PRIMEDIA For An Undisclosed Amount

Posted on Mar 23 2012 - 9:15am by Editorial Staff

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.

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