Feeds

eBay snaffles Dutch classifieds website

European expansion

  • alert
  • submit to reddit

The next step in data security

eBay has acquired Marktplaats, the leading classifieds website in the Netherlands, for approximately US$290m in cash. It bought the operation from a Dutch second-hand retail shop outfit. Founded in 1999 and based in Emmeloord, Marktplaats.nl is the most popular classifieds website in the Netherlands. With more than one million listings at any given time and two million visitors a month, the website offers a wide array of items, from clothing and collectibles to cars and household goods.

The acquisition allows Marktplaats to grow its business through the investment and online trading expertise of eBay. Marktplaats also owns classifieds websites in Germany, Canada, Spain and Turkey. As Marktplaats CEO Oscar Diele put it: "There's no eBay in Turkey, so it is an excellent opportunity for eBay to enter that market as well." eBay plans to continue to operate Marktplaats.nl as a separate business.

Business-to-consumer ecommerce in the Netherlands is expected to reach $5bn in 2004, and that figure is estimated to grow to more than $15bn in 2007, according to IDC's Internet Commerce Market Model. However, eBay says it does not expect the acquisition to have a material impact on 2004 or 2005 net revenue and earnings per share.

Related stories

eBay buys Indian auction site
eBay posts record profits, ups forecast
eBay buys PayPal

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.