Cleary Gottlieb represented PRIMEDIA Inc. in its acquisition of Rent.com for $145 million. Rent.com is a subsidiary of eBay Inc. and the nation’s leading pay-for-performance Internet listing site for rental housing. PRIMEDIA specializes in apartment and rental home information and listings and owns ApartmentGuide.com, Rentals.com and RentalHouses.com. TPG Capital acquired PRIMEDIA in 2011.
The transaction closed on May 8, 2012.