Advertisement
YOU ARE HERE: LAT HomeCollectionsEbay Inc
IN THE NEWS

Ebay Inc

BUSINESS
December 18, 2004 | From Bloomberg News
EBay Inc. agreed to buy privately held Rent.com for $415 million in one of at least three acquisitions of classified listings companies this year. EBay will pay about $385 million in stock and $30 million in cash for Rent.com, a real-estate listing website, the San Jose-based company said. The transaction, which is expected to close in the first quarter, will probably decrease the company's 2005 earnings, EBay said. EBay shares fell 95 cents to $114.75 on Nasdaq.
Advertisement
BUSINESS
September 2, 2004 | From Associated Press
EBay Inc., which has been aggressively expanding in Asia, plans to increase its stake in South Korea's largest online auction company. The San Jose-based Internet auction giant said it would buy nearly 3 million publicly held shares of Internet Auction Co. from institutional investors, mainly venture capitalists, to boost its ownership stake to 86% from 62%. The $325.6-million cash purchase is expected to be completed as soon as Seoul-based Internet Auction's stock hits $108.
BUSINESS
February 9, 2005 | From Bloomberg News
EBay Inc., the world's largest Internet auctioneer, will pay cash for Rent.com instead of a combination of cash and stock after EBay's shares fell since announcing the purchase. The company will pay $415 million for Rent.com, a classified listings company, instead of $385 million in stock and $30 million in cash. The transaction will be completed this month, San Jose-based EBay said in a regulatory filing.
BUSINESS
November 7, 2006 | From Bloomberg News
PayPal, EBay Inc.'s online payment services division, said it would offer as much as $100 million in holiday rebates and free shipping to fend off competition from Google Inc. Consumers will receive as much as $20 in cash-back rebates from PayPal when they make online purchases on EBay and certain merchant websites in North America, San Jose-based PayPal said in announcing the biggest promotion in its eight-year history. The rebates are to run from Nov. 23 to May 15.
BUSINESS
February 1, 2006 | From Reuters
EBay Inc., the online auction house, will start collecting a fee to manage money deposited in its PayPal Money Market Fund, the San Jose-based company said. PayPal, an electronic payment service with some 87 million customers in more than 40 countries, sweeps funds that customers keep in their accounts into the money market fund. The company pays a seven-day average yield of 4.38% on money in those accounts.
BUSINESS
February 1, 1999 | Bloomberg News
EBay Inc., an Internet auctioneer, revised its user agreement, offering insurance and addressing issues such as counterfeit items, seeking to make the site safer for users as it comes under investigation on fraud complaints. EBay said it will cancel the account of anyone found to have engaged in fraudulent activity. The move comes as the San Jose, Calif.-based company is being investigated by the New York City Department of Consumer Affairs over users' complaints about fraud.
BUSINESS
October 27, 2002
Here are some of the highest winning bids on EBay: * $4.9 million -- Gulfstream II jet purchased by a charter aircraft company in Africa. August 2001 * $2.1 million -- Former missile silo transformed into luxury home in Saranac, N.Y. October 2002 * $1.65 million -- Honus Wagner T206 1909 baseball card. July 2000 * $1.2 million -- Diamond Lake Resort in Owensboro, Ky. December 2000 * $577,610 -- Black Betsy baseball bat once owned by Shoeless Joe Jackson.
BUSINESS
June 17, 2007 | From Times Wire Services
EBay Inc., the world's largest online auctioneer, said it would ban sales of elephant-ivory products between residents of different countries to comply with government regulations. EBay will allow listings of ivory products only in the seller's own country and will remove those that offer international shipping, the San Jose company said. Wildlife trade rules differ between countries because of the protected status of some elephant species, EBay said.
BUSINESS
March 2, 2001 | From Bloomberg News
EBay Inc., the world's largest Internet auctioneer, and Bidder's Edge Inc. have agreed to settle lawsuits about accessing and copying information from Web sites. EBay said the settlement prohibits Bidder's Edge from combing its site for material and that Burlington, Mass.-based Bidder's Edge agreed to pay an undisclosed amount of money, said Jay Monahan, EBay's intellectual property attorney.
BUSINESS
September 25, 1998 | ASHLEY DUNN, TIMES STAFF WRITER
Online-auctions pioneer EBay Inc. broke the long, dismal drought in initial public offerings Thursday by tripling its share price from $18 to $53.50 in its first day of trading. After a drop into the low $40s, the stock rebounded and finished the day at $47.38 a share, giving its 31-year-old founder, Pierre Omidyar, a stake worth nearly $275 million. More than 8.1 million shares of the company were traded on the Nasdaq market.
Los Angeles Times Articles
|