eBay announces aquisition of Rent.com

| About: eBay Inc. (EBAY)
This article is now exclusive for PRO subscribers.

eBay just announced that it's purchasing Rent.com.  Price? $415 million, of which $385 million in stock and $30 million in cash.  eBay says Rent.com should generate revenue of over $40 million in 2004, and positive profitability. Looks like eBay is pushing further into the listings and classifieds business.