 |
Breaking
eBusiness and Search News |
|
 |
EBay Buys India's Baazee.com
On Monday eBay, Online Marketplace, completed its previously announced acquisition of Baazee.com and its subsidiary Baazee.com India Pvt. Ltd., the largest online marketplace in India.
In accordance with the terms of the transaction as announced on June 22, 2004, eBay is acquiring all outstanding shares of Baazee.com, Inc. for approximately US$50 million in cash, plus acquisition costs.
As previously stated, eBay does not expect the acquisition to have a material impact on 2004 net revenue and earnings per share, and does not expect it to affect eBay's financial guidance as issued in connection with its second quarter earnings release on July 21, 2004.
Receive
Our Daily Email of Breaking eBusiness News
About the Author:
Jeremy Muncy is a staff writer for WebProNews.com
 WebProNews RSS Feed
More Articles
Contact WebProNews |
|
|
 eBUSINESS
RESOURCES |
|
|
 |
|
| About
WebProNews |
WebProNews is the number
one source for eBusiness News. Over 5 million eBusiness professionals read
WebProNews and other iEntry business and tech publications.
WebProNews provides real-time coverage of internet
business.
Free Email Newsletters:
|
|
|
|
