eBay buys three companies for $1.35 billion, lays off 1,000
eBay is a buyer this morning. The company announced that it will buy Bill Me Later for $945 million. As if that weren’t enough, eBay will also acquire both Danish classifieds specialist Den Bla Avis and Danish vehicle site BilBasen for approximately $390 million in cash.
But the San Jose, Calif.-based eBay also laid off 1,000 people, or 10 percent of its employees, and said that revenues in the third quarter were lower than expected.
eBay’s cutbacks… Continue Reading