Imperial Tobacco to Buy U.S.-Based CBHC for $1.9 Billion
By: Reuters
News Corp.'s Web network MySpace has been in talks for several months with online auction company eBay about a partnership, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The idea is to let MySpace users buy and sell items from each other using eBay's online-commerce technology and its PayPal payment system, the Journal said, adding that MySpace users would be able to post items for sale on their profiles, and their eBay auctions would be automatically updated, according to a person close to the discussions.
Officials from MySpace and eBay were not immediately available to comment.
Britain's Imperial Tobacco said on Thursday it had agreed to buy Commonwealth Brands, the fourth-biggest cigarette maker in the United States, for 974 million pounds ($1.9 billion) in cash.
