• eBay Buys Denmark's DBA for $380 million

    Michael Arrington

    J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

    Monday, October 6th, 2008

    Reports are coming out of Denmark that eBay has acquired the company that runs DBA, the “eBay of Denmark” for 2.1 billion Kroner, or about $383 million (here’s an article in Danish).

    DBA, founded in 1995, attracts around a million visitors a month, and is a top ten Danish website. 275,000 new listings are added each month, according to its website.

    The site is owned by Blue Avis, founded in 1981, which is a free newspaper with a circulation of around 500,000 per week. The company has 225 employees.

    Update: More news -Ebay has also acquired BillMeLater, and announced 10% layoffs.

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