Moving further and further away from the auctioning business, Silicon Valley's powerhouse Ebay has acquired rent.com.
Rent.com allows landlords to list available properties for free, charging them when a lease is signed. The company expects to have $40 mln in revenues in 2004.
The move wouldn't make any sense for Ebay if it didn't follow several recent acquisitions in the classified ads space: last August the company obtained a 25 pct stake in Craigslist.org and later that summer bought the Dutch classified ads service Marktplaats.nl.
SV Sleuth did a quick check on Rent.com, but wasn't very impressed. Silicon Valley swears by Craigslist to find its apartments. The Sleuth in fact has found all of his last three apartments on Craigslist.
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