Dewey & LeBoeuf Guides EBay's Rent.com Sale

Law360, New York (March 23, 2012, 1:41 PM EDT) -- Primedia Inc., owner of apartment and rental home search services such as ApartmentGuide.com and Rentals.com, has agreed to purchase real estate listing site Rent.com from eBay Inc. for an undisclosed price, a Primedia spokeswoman said Friday.

EBay, the world's largest online marketplace, decided to divest itself of the site in an effort to focus more on the secure Web payment aspect of its business, which it has built up significantly over the last year.

“EBay's focus is on enabling commerce for buyers and sellers globally through...
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