Fergie's Tech Blog

eBay Buys Swedish Online Auctioneer For $48M

Web auctioneer eBay Inc said on Monday it had bought Tradera.com, a small Swedish rival, for about $48 million.

Tradera.com has more than 750,000 listings at any given time, eBay said in a statement, adding it had plans to expand online trading in Sweden using its new investment.

eBay said it did not expect the acquisition to have a material impact on its financial guidance issued with its first-quarter results last week.

posted by Fergie @ 4/24/2006 05:52:00 AM