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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