Primedia to buy Rent.com from eBay

ATLANTA (AP) — Primedia Inc., the privately held operator of real estate websites including ApartmentGuide.com and Renters.com, said Thursday that it agreed to buy website Rent.com from eBay Inc.

Terms of the deal were not disclosed.

Primedia CEO Charles Stubbs said Rent.com has a "strong reputation, brand awareness, history and URL."

The transaction is expected to close by the end of June.

Primedia was acquired by private-equity firm TPG Capital last July.

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