eBay buys Baazee.com for $50 million

[aww]

eBay has bought India's largest online auction company, Baazee.com, for $50 million USD.

This purchase puts eBay into 29 countries!

(note this is not just a domain sale, it includes the full service)

Read more:
http://www.zdnet.co.uk/print/?TYPE=story&AT=39158402-39020645t-10000024c
http://www.hinduonnet.com/thehindu/holnus/006200406241706.htm
http://inhome.rediff.com/money/2004/jun/26baazee.htm

 

[suthra]

Thatz good news. I can use paypal now in india.

 

[identity_00]

a lot of people in india - that could be a good thing and a bad thing.

ebay is a monster.

 

[aww]

suthra that is a very good point about PayPal possibly coming to India because of ebay's presence there. I never understood why certain countries were in PayPal's list but others were not. Looking forward to an added market for some of my clients.

 

[Mr. Websites]

Nice, I don't recall visiting Baazee before, but then again, I suppose that's Indian's version of eBay. $50 million sure is a lot, let's see how great the return is.

 

[simpson733]

sounds awesome but i dont really user paypal anymore i wonder if they might use stormpay

 

[RareIQ]

W :tu: W