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Thursday, June 30, 2005

opusforum.org Bought by eBay

Online auctioneer eBay Inc. on Thursday said its classifieds unit Kijiji has acquired a German classifieds Web site called opusforum.org for an unreported amount.

Started up by Klaus Gapp in 2002, Opusforum offers classifieds service in 55 cities mostly in Germany. According to comScore Media Metrix, the site attracted more than 1 million unique visitors in May.

Ebay said the acquisition allows it to expand its position in Germany. The deal is the latest in a string of acquisitions by the online auctioneer. Earlier this month said eBay said it would purchase shopping and consumer review site Shopping.com Inc. in a deal valued at about $620 million. In December, eBay purchased the privately held Santa Monica, Calif.-based real estate firm Rent.com for about $415 million in stock and cash.

Last year, the company expanded internationally, purchasing India's most popular online shopping site, Baazee.com, for $50 million, and the leading Dutch classified site, Marktplaats.nl, for about $290 million.

1 comment:

strawbuyer said...

It must be nice to have alittle extra cash to go shopping with. Kind of explains the price hikes. It's much easier to absorb than really compete.