eBay Plans to Acquire Many Classifieds Sites
September 18, 2008 – 2:30 pmeBay, who owns classifieds site Kijiji and a 25% stake in Craigslist, is going to start to buy many classifieds sites in the coming months. The WSJ says, “[eBay is] looking to expand its global classified-ad business by taking advantage of an economic slowdown to buy promising private companies with low valuations.”
The article goes on to say that eBay will target sites that have leading positions in geographies and industry segments.
My guess is a lot of these initial acquisitions will be of companies outside of the US. However, I think eBay will also try to acquire vertically specific sites that concentrate in industries like cars, real estate and jobs in the very near future.
3 Responses to “eBay Plans to Acquire Many Classifieds Sites”
Lets start a poll? Name some sites and see which one gets acquired first.
By Robbie on Sep 18, 2008
Robbie, send some over and I will add them to a voting form.
By Dan Daugherty on Sep 18, 2008
Interesting…
I heard a rumor today that Consumer Source laid off 30 people today and they are not doing well.
Since I don’t write that kind of stuff on my blog anymore I thought I would help spread the rumor here on Dan’s blog. :)
Perhaps Rentals.com could be a site that eBay would like to have.
By Dave on Sep 18, 2008