eBay Sells Classifieds Site Rent.com

eBay sold its Rent.com classifieds subsidiary to PRIMEDIA, a resource for apartment and rental home information and listings. eBay had announced the agreement to sell the company in March. Rent.com launched nationally in October 2001, and eBay acquired the site in 2004 - the same year it acquired Mobile.de, a car classifieds site in Germany and a stake in Craigslist.org. eBay paid approximately $385 million in eBay common stock and $30 million in cash. Terms of the sale this month were not disclosed.