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EBay also said it is acquiring the Bill Me Later payments service for about $820 million in cash and $125 million in options. It is also buying Danish online classifieds businesses Den Bla Avis and BilBasen for about $390 million.
EBay expects the job cuts would affect about 1,000 employees and several hundred temporary workers. The reduction is expected to incur restructuring charges of about $70 million to $80 million, occurring mostly in the fourth quarter.
For the third quarter, EBay expects to hit the low end of its revenue forecast and exceed its earnings forecast.
The San Jose, California-based company is scheduled to announce third-quarter results on Oct. 15.
EBay shares rose to $19.30 in pre-market trading from their close of $18.94 on Friday.
(Reporting by Martinne Geller; Editing by Derek Caney) See http://blogs.reuters.com/category/themes/shop-talk/ for "Shop Talk" -- Reuters' retail and consumer blog. Keywords: EBAY/ Martinne Geller vj
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