eBays Kijiji Acquires Classifieds Web Sites
San Jose, CA, May 18, 2005 Kijiji, eBays (Nasdaq: EBAY)
international classifieds group, today announced that it has
acquired Gumtree.com (www.gumtree.com) and LoQUo.com
(www.loquo.com), two separate classifieds Web sites operating in
select international cities. The acquisitions help Kijiji expand
its global network of Web sites, and allow Gumtree and LoQUo to
further scale their businesses with the resources and expertise of
Kijiji and eBay.
Gumtree.com, founded in London in 2000 by Michael Pennington and
Simon Crookall, is a leading local classifieds site in the United
Kingdom. A popular online community center for apartment rentals,
employment, and goods and services, Gumtree offers multiple city
sites in a number of countries including the United Kingdom,
Australia, New Zealand, and
South Africa.
Online Stock Market Trading LoQUo.com, founded in Barcelona in 2002 by Ubaldo Huerta, is a
leading communityfocused classifieds site in Spain. A local online
meeting place, LoQUo specializes in housing, personals, employment,
jobs and practical items for sale. LoQUo offers multiple city sites
in Spain and other European countries.
In 2005 we became part of the Kijiji family within eBay. Both Gumtree and Kijiji revolve around thriving online communities and so we hope to learn a lot from each other. Kijiji, which means "village" in Swahili, is a group of community classifieds websites similar to us found in more than 90 cities around the world.
Stock Investing Course Gumtree and LoQUo are key classifieds sites in the UK and Spain,
respectively, and we are pleased to have them in the Kijiji family,
said Alex Kazim, senior vice president of new ventures at eBay,
responsible for Kijiji. This is an important step forward in our
strategy to expand our global portfolio of Web sites.
Web Hosting Noah Classifieds Business solutions Noah Classifieds Description With Noah Classifieds, you will be able to easily create a system of classified ads on your website. Managing many levels of categories and sub categories, Noah allows any member of the site to post an ad. It will be up to you to determine the presentation of the classified ads. A statistics interface is also available. It specifies which ads are consulted or replied to the most.
Stock Market Game EBay does not expect either acquisition to have a material
impact on 2005 net revenues and earnings per share, and does not
expect either acquisition to affect eBays
financial guidance as issued in
connection with its first quarter earnings announcement on April
20, 2005.
But a Wall Street Journal story that appears on the Batteries Plus Web site says franchisees can expect a minimum investment of $176, 845 and a maximum outlay of $327, 385 to get stores up and running. These figures do not include the cost of acquiring real estate.
Stock Investing Game Further terms of the agreements were not
disclosed.
In recent years, the company has focused its efforts on delivering Wiley's deep reservoir of " have" content to global communities of interest. The company has formed many collaborative relationships in order to further this objective; Wall Street Journal, CNBC, Ernst & Young, and, among others. In 2005, Wiley acquired the Sybex brand, trademarks, bestselling titles, and the Sybex.com Web site.
Journal Prime Rate Street Wall About Kijiji
In recent years, the company has focused its efforts on delivering Wiley's deep reservoir of " have" content to global communities of interest. The company has formed many collaborative relationships in order to further this objective; Wall Street Journal, CNBC, Ernst & Young, and, among others. In 2003, Wiley acquired the Wrox Press brand and trademarks, many of its bestselling titles, and the Wrox.com Web sites.
Stock Market News Kijiji, which means village in Swahili, is a group of
classifieds-style Web sites that offer a convenient, fun, and
easy-to-use way for people in the same city to meet, share ideas,
trade goods, and help one another out in a range of areas such as
housing, jobs, and personals. Kijiji is currently available in more
than 90 cities in Austria, Canada, China, France, Germany, Italy,
Japan, Switzerland, and Taiwan. It is a start-up within eBay
created by a small team of entrepreneurial employees.
Stock Investing Basics About Gumtree.com
Stock Investing Software Launched in March 2000 and based in the United Kingdom,
Gumtree.com is a community-based Web site that enables users to
chat, find jobs, make friends, find accommodations or buy and sell
a range of goods. Gumtree is available in multiple cities in a
number of countries including the United Kingdom, Australia, New
Zealand, and South Africa.
Stock Market Trading About LoQUo.com
Stock Investing For Dummy Launched in September 2002 and based in Spain, LoQUo.com is a
city-based classifieds Web site ideal for a range of needs, from
renting an apartment and
getting a job, to selling a
car and buying a refrigerator.
An online community gathering place, LoQUo is available in
multiple cities in Spain and a number of other European
countries.
Stock Market Crash Forward-Looking Statements
Stock Investing Tip This announcement contains forward-looking statements regarding
the expected impact of the acquisitions of Gumtree.com and
LoQUo.com on eBay's financial results. Those statements involve
risks and uncertainties, and actual results could differ materially
from those discussed. Factors that could cause or contribute to
such differences include, but are not limited to, the reaction of
users of Gumtrees and LoQUos services and users of eBay's services,
the future growth of Gumtrees and LoQUos services, and the reaction
of competitors to the acquisitions. More information about
potential factors which could affect eBay's business and financial
results is included in eBay's recently filed Quarterly Report on
Form 10-Q. All forward-looking statements are based on information
available to eBay on the date hereof, and eBay assumes no
obligation to update such statements.
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