eBay Sold Rent.com For $145 Million
Earlier this year eBay sold their Rent.com subsidiary and now we know the price after a document was filed with the U.S. Securities & Exchange Commission. The proceeds from selling Rent.com totals $145 million.
Atlanta-based company Primedia acquired Rent.com in March 2012. Primedia also owns ApartmentGuide.com, Rentals.com, RentalHouses.com. At one point eBay said that Rent.com was instrumental in helping build the eBay Motors division. eBay bought Rent.com for $435 million seven years ago in cash.
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry