eBay's Kijiji Acquires German Classifieds Web Site opusforum
biz.yahoo.com
Thursday June 30, 4:00 am ET
SAN JOSE, Calif.--(BUSINESS WIRE)--June 30, 2005--Kijiji, eBay's (Nasdaq:EBAY) international classifieds group, today announced that it has acquired opusforum (www.opusforum.org), a local classifieds Web site based in Germany. The acquisition allows Kijiji to expand its position in Germany and enables opusforum to further cultivate its business with the resources and expertise of Kijiji and eBay.
opusforum, founded in 2002 by Klaus Gapp, is a leading city-based classifieds Web site in Germany. It offers service in 55 cities, the majority of which are in Germany, and had more than 1 million unique visitors in May 2005, according to comScore Media Metrix. With a focus on helping local communities connect online, opusforum is a popular destination for jobs, housing, and services.
"opusforum is an impressive business with an extensive reach in Germany," said Alex Kazim, senior vice president of new ventures at eBay, responsible for Kijiji. "Together, we are well positioned to grow classifieds in Germany and create an even more efficient place for local consumers to come together online."
Terms of the acquisition were not disclosed. |
