Feeds

eBay buys Swedish auction outfit

Going, going...

Top 5 reasons to deploy VMware with Tegile

eBay is spending around $48m on Swedish online auction outfit Tradera.com as part of a move to expand its business in Scandinavia.

Tradera.com began life in 1999 as a marketplace for auctions on items such as watches and jewellery, computers, electronics, and leisure gear. eBay, on the other hand, has only been in Sweden for 12 months.

By joining forces the two companies reckon they can cash in on the increasing popularity of online trading in Sweden. The latest stats show that business-to-consumer e-commerce in Sweden reached $4.8bn in 2005 and is expected to hit $15.7bn in 2009.

News that eBay (which owns VoIP outfit Skype) has expanded in Sweden comes amid reports that the online auction outfit is holding talks with Yahoo! and Microsoft over a possible alliance. It seems eBay is worried by the threat of Google, which with the launch of a VoIP service for instance, is trampling all over its territory.

Talks about a possible way forward kicked off last autumn, although there's no indication whether or when any deal might proceed. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.