Online auction leader eBay (Nasdaq: EBAY) made a major move into the high-end auction market today when it announced an agreement to purchase upscale brick-and-mortar auction house Butterfield & Butterfield. The $260 million (US$) deal is expected to close in the second quarter.
eBay Makes $260 Million Deal to Buy High-End Auction House
Posted by: Andy Wang April 26, 1999 12:00 AMOnline auction leader eBay (Nasdaq: EBAY) made a major move into the high-end auction market today when it announced an agreement to purchase upscale brick-and-mortar auction house Butterfield & Butterfield. The $260 million (US$) deal is expected to close in the second quarter.