Published: Thu, December 22, 2016
World | By Tasha Manning

EBay Acquires Leading Classifieds Sites in Denmark - eBay Inc.

EBay Acquires Leading Classifieds Sites in Denmark - eBay Inc.

San Jose, Calif., October 6, 2008 - eBay Inc. (Nasdaq: EBAY) today announced that it has acquired Den Bla Avis and BilBasen, providers of leading online classifieds sites in Denmark for Purchase price of approximately $ 390 million (approximately 2.1 billion Danish Kroner). The addition of Den Bla Avis (dba.dk) and BilBasen (bilbasen.dk) to eBay's global classifieds portfolio positions the company as a leader in the online classifieds market in Denmark and further strengthens the company's world-leading portfolio of online classifieds sites that Already includes Marktplaats, Kijiji, LoQUo, Gumtree and mobile.de. EBay's online classifieds business now has a presence in more than 20 countries and 1,000 cities.

"Classifieds are the preferred e-commerce format in Denmark and represent an attractive and growing market," said Jacob Aqraou, general manager, eBay global classifieds business unit. "With more than 25 years of classifieds success in Denmark, Den Bla Avis and BilBasen are household names with Danish consumers and we are very excited to welcome them and all of their employees to the eBay global classifieds portfolio."

P> Aqraou continued, "The Den Bla Avis and BilBasen corporate cultures and approach to the user experience are a great fit within eBay's overall Marketplaces business, which provides anyone, anywhere the e-commerce platform of their choice. Ideal classifieds platform for Danish consumers to connect locally. "

Larry Illg, general manager with eBay global classifieds, will head eBay's business in Denmark and will lead the integration of Den Bla Avis and BilBasen into the global classifieds portfolio. EBay plans to use its experience in building online communities around the world to grow user traffic to dba.dk and bilbasen.dk. Den Bla Avis and BilBasen will maintain offices in Aarhus and Copenhagen, Denmark.

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eBay Inc. will host an investor conference call today at 5:30 a.m. PDT to discuss this announcement. The live webcast of the conference call can be accessed through the eBay Investor Relations Web site at http://investor.ebay.com. An archive of the webcast will be accessible through the same link. About Den Bla Avis and BilBasen Den Bla Avis and BilBasen are leading classifieds businesses in Denmark and operate dba.dk, an online classifieds site that generates more than 120 million page views per Month, and bilbasen.dk, an online vehicle classifieds site that generates 66 million page views per month. Founded as printed classified advertising circulars, Den Bla Avis and BilBasen have successfully made the transition to fast-growing, profitable online businesses while maintaining the publication of its circulars. About Blaay Inc Founded in 1995, eBay Inc. connects hundreds of millions of people around the world every day. , Empowering them to explore new opportunities and innovate together. EBay Inc. does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, Shopping.com, and others. EBay Inc. is headquartered in San Jose, California.

MEDIA CONTACT: Jose Mallabo eBay Inc. Media hotline: 408-376-7458
INVESTOR CONTACT: Vandana Hariharan eBay Inc. 408-376-5877

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