Printer Friendly

EBay Buys German Online Auctioneer.

Web auction house eBay Inc has bought a three-month-old copycat German firm, alando.de, for an undisclosed sum, marking the US online auction pioneer's first acquisition in Europe. The firm already has a UK site up and running. Despite the fact that alando only launched in March, it already has 50,000 registered users to add to eBay's 3.8 million, but it will have its brand name absorbed into eBay shortly. eBay will find itself competing in Germany against UK firm Quixell Ltd, which operates as QXL.com and already has French and German language sites. eBay expects to take a one-time charge in connection with the acquisition and says the transaction will be dilutive for the remainder of the year. Further ventures into Europe are expected this year.
COPYRIGHT 1999 Datamonitor
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Computergram International
Geographic Code:1USA
Date:Jun 23, 1999
Words:130
Previous Article:GFT Technologies Prepares for Neuer Markt Listing.
Next Article:Brilliant Digital Entertainment Buys the Auction Channel.
Topics:


Related Articles
eBAY SOARS AHEAD OF Q3 RESULTS TODAY.
EBAY MOVES TO CLAMP DOWN ON FRAUD.
eBay Buys Car Auctioneer, Person-to-Person Payment Enabler.
QXL Set for Huge IPO.
QXL.com Acquires Rivals to Pre-empt US Buyers >BY Stephen Phillips.
Freeserve Nerves Impact QXL Price Range.
BRIEFCASE VERTEL PLANS CHANGE TO SMALLCAP MARKET.
Start your bidding @ ... Ag auctions find a place on the Web.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters