eBay selling Rent.com to rental resource Primedia

By Rachel King | March 22, 2012, 3:44pm PDT

Summary: Primedia's rental resources are getting stronger now that it is buying Rent.com from eBay.

eBay is selling off one of its properties as the online retailer continues to focus on and build out its mobile commerce platform.

Primedia, a renter resource for apartment and rental home information and listings, is buying (appropriately enough) Rent.com.

eBay originally purchsed Rent.com in 2005 after the site was founded in 2000.

Rent.com operates as you might expect based on the very simple name of the service. It's a pay-for-performance internet listing site that helps site visitors search rental properties online using its free search tool. Prospective renters can search the site's property listings, which specify contact information, pricing, photos, floor plans, and virtual tours.

Primedia president and CEO Charles Stubbs, who will also take over as head of Rent.com when the deal is done, explained part of the motivation for the purchase in a statement:

The combination of our two companies will allow us to deliver a broader range of innovative products and services to our clients and more quickly expand our markets and market segments.

 

 

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