Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, March 22, 2012

EBay to sell Rent.com to PRIMEDIA, (NASDAQ: EBAY)

EBay Inc agreed to sell its Rent.com unit to PRIMEDIA as the company shifts away from classified and listings businesses to focus on other e-commerce and payments efforts.

eBay Inc. (eBay) is a global commerce platform. The Company enables commerce through three reportable segments: Marketplaces, Payments and GSI Commerce (GSI). Shares of EBAY traded higher by 0.53% or $0.2/share to $37.62. In the past year, the shares have traded as low as $26.86 and as high as $37.99. On average, 10527200 shares of EBAY exchange hands on a given day and today's volume is recorded at 7136368.



Source