Naughty kids' Christmas gifts sold on eBay
As reported by the Associated Press: "An online casino that bought a cheese sandwich said to bear the Virgin Mary's image and a cane sold to banish a young boy's fear of ghosts has struck again -- this time paying a man $5,300 for his naughty children's Christmas gifts.
The Pasadena man said last week that he decided to auction the three Nintendo DS game systems because his sons, ages 9, 11, and 15, had misbehaved.
The family's decision made national headlines, intriguing GoldenPalace.com, casino spokesman Monty Kerr said.
"Everybody knows Santa doesn't come to naughty kids," Kerr said Sunday.
The Antigua-based casino agreed to bid on the game systems as long the family promised to donate the proceeds to charity, he said.
The family told him it will buy a new heater for its church and do other renovations.
The casino plans to donate the game systems to a needy Houston family, Kerr said.
The father, who has been identified only by his eBay seller name magumbo--2000, could not be reached for comment.
The casino has paid about $108,000 for eBay oddities in just more than a month."
Earlier, it was reported that a "Father Of 'Naughty' Kids Sells Their Gifts On eBay."
This report on theindychannel.com: " HOUSTON -- A father of three children in the Houston area has gone from playing Santa Claus to playing the Grinch.
The man decided that his children were being naughty instead of nice -- and he's taught them a lesson by auctioning their presents on eBay.
The man, who asked the Houston Chronicle not to reveal his name, decided to sell off the presents because the youngsters had misbehaved. His children are 9, 11 and 15.
His posting on the eBay Web site says, "Bad children get no Nintendo DS. Santa will skip our house this year."
The man is offering to sell three of the wireless video game systems as well as several games.
The bidding was up to $465 as the auction wound down last night." -- Associated Press
Wednesday, December 29, 2004
Sunday, December 19, 2004
eBay buys Rent.com for about $415 million
This from the Associated Press:
"NEW YORK — In a diversification move, online auctioneer eBay Inc. is buying the privately held Rent.com, which specializes in Internet listings of apartment and house rentals, for about $415 million in stock and cash.
The deal, announced yesterday, would enable eBay to expand into a new segment of the online real estate market.
Rent.com, based in Santa Monica, Calif., was launched nationally in October 2001 and matches prospective renters and landlords who are charged a fee if they sign a lease as a result of their free property listings.
The company said it is profitable and expects revenues in 2004 to total more than $40 million. Analysts surveyed by Thomson First Call expect eBay, based in San Jose, Calif., to report revenues of about $3.26 billion this year.
"Rent.com has been extremely successful in the apartment-rental space online and is a great match for eBay," Bill Cobb, president of eBay North America, said in a statement.
Under the deal, eBay would pay $30 million in cash and shares worth about $385 million.
The deal is expected to close in the first quarter of 2005 subject to approval by Rent.com shareholders and regulators.
On the Nasdaq Stock Market, eBay shares fell 95 cents to close yesterday at $114.75."
"NEW YORK — In a diversification move, online auctioneer eBay Inc. is buying the privately held Rent.com, which specializes in Internet listings of apartment and house rentals, for about $415 million in stock and cash.
The deal, announced yesterday, would enable eBay to expand into a new segment of the online real estate market.
Rent.com, based in Santa Monica, Calif., was launched nationally in October 2001 and matches prospective renters and landlords who are charged a fee if they sign a lease as a result of their free property listings.
The company said it is profitable and expects revenues in 2004 to total more than $40 million. Analysts surveyed by Thomson First Call expect eBay, based in San Jose, Calif., to report revenues of about $3.26 billion this year.
"Rent.com has been extremely successful in the apartment-rental space online and is a great match for eBay," Bill Cobb, president of eBay North America, said in a statement.
Under the deal, eBay would pay $30 million in cash and shares worth about $385 million.
The deal is expected to close in the first quarter of 2005 subject to approval by Rent.com shareholders and regulators.
On the Nasdaq Stock Market, eBay shares fell 95 cents to close yesterday at $114.75."
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