EBay Expands Abroad With 3 International Sites
Auction giant eBay Inc. has started three new local sites for users in Ireland, Switzerland and New Zealand, the company said yesterday.Company officials said the move is part of its ongoing effort not only to provide its clients with global services, but also to continue its international expansion. The company recently bought Paris-based online auctioneer iBazar S.A. in a stock deal estimated at around $100 million.
The company added that all three country sites are charging listing and final value fees and are extensions of larger platforms in the United Kingdom, Australia and Germany.
International revenue is expected to account for about $9 million of eBay's predicted $160 million in revenue during this quarter, according to investment analyst Goldman Sachs.
