Heavy Hitters: GM Drives 1.6% Higher, Apple Prepares an Army of New Products

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Shares of eBay (NASDAQ:EBAY) gained 1.3 percent on Friday and continued to edge higher in late afternoon hours. The company has purchased Belgian classified-ad websites 2dehands.be and the French-language version 2ememain.be as the e-commerce giant continues to make international acquisitions a priority in an attempt keep up with competition from sites like Amazon.com (NASDAQ:AMZN) and Google (NASDAQ:GOOG). The sites are the two biggest for classified ads in Belgium and, although Belgium is far from the top e-commerce market in Europe, the acquisition shows that EBay believes it can continue to grow internationally.

EBAY

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business