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EBay Sells Off Rent.Com

By TechTaffy Desk

[Techtaffy Newsdesk]

PRIMEDIA, a apartment and rental home information and listings company, has entered into an agreement with eBay to acquire its Rent.com subsidiary. Terms of the transaction were not disclosed. Charles Stubbs, PRIMEDIA president and chief executive officer, will lead the combined company.

The transaction is expected to close second quarter 2012 and is subject to customary closing conditions.

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