Thursday, December 14, 2006

EBAY HISTORY:Acquisitions & investments




In July 1998, eBay acquired Cincinnati, OH based online auction site Up4Sale.com.


In May 1999, eBay acquired the online payment service Billpoint, which it shut down after acquiring PayPal.

In 1999 eBay acquired the auction house Butterfield & Butterfield, which it sold in 2002 to Bonhams.

In 1999 eBay acquired the auction house Alando for $43 million, which changed then to eBay Germany.

ebay aqcuired kruse auctions

In June 2000 eBay acquired Half.com for $318 million, which was later integrated with the eBay Marketplace.

In August, 2001, eBay acquired Mercado Libre, Lokau and iBazar, Latin American auction sites.

In July, 2002 eBay acquired PayPal, for $1.5 billion in stock.

On January 31, 2003, eBay acquired CARad.com, an auction management service for car dealers.

On July 11, 2003 eBay Inc. acquired EachNet, a leading ecommerce company in China, paying approximately $150 million in cash.

On June 22, 2004, eBay acquired all outstanding shares of Baazee.com, an Indian auction site for approximately US $50 million in cash, plus acquisition costs.

On August 13, 2004, eBay took a 25% stake in Craigslist by buying out an existing shareholder who was once a Craigslist employee.

In September 2004, eBay moved forward on its acquisition of Korean rival Internet Auction Co. (IAC), buying nearly 3 million shares of the Korean online trading company for 125,000 Korean won (about US$109) per share.

In November 2004, eBay acquired Marktplaats.nl for €225 million. This was a Dutch competitor which had an 80% market share in the Netherlands, by concentrating more on small ads than actual auctions.

On December 16, 2004, eBay acquired Rent.com for $415 million in cash (original deal was for $385 million of the amount in eBay stock plus $30 million in cash).

In May 2005, eBay acquired Gumtree, a network of UK local city classifieds sites.

On May 18, 2005, eBay acquired the Spanish classifieds site Loquo.

In June 2005, eBay acquired Shopping.com, an online comparison site for $635 million.

At the end of June 2005, eBay acquired the German language classifieds site Opus Forum.

In September 2005, eBay bought Skype, a VoIP company, for $2.6 billion in stock and cash.

In April 2006, eBay invested $2 million in the Meetup social networking site.[

In April 2006, eBay acquired Tradera.com, Sweden's leading online auction-style marketplace for $48 Million.

In August 2006, eBay announced international cooperation with Google. Financial details have not been disclosed by either party.

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