Arab Today, arab today ebay sells back stake in craigslist ending dispute
Last Updated : GMT 12:19:39
Arab Today, arab today
Arab Today, arab today

Back to the online classified listings group

eBay sells back stake in Craigslist, ending dispute

Arab Today, arab today

Arab Today, arab today eBay sells back stake in Craigslist, ending dispute

eBay has sold its stake in Craigslist back to the online classified listings group
New York - Arab Today

US e-commerce giant eBay said Friday it has sold its stake in Craigslist back to the online classified listings group, ending a legal dispute between them.

The California tech giant had taken a 28.4 percent stake in Craigslist in 2004.

Craigslist sued eBay after the online auction giant launched its own classified listing in 2007 called Kijiji, alleging that eBay had hidden the rival project at the time of its investment.

"Under a confidential settlement agreement, Craigslist has repurchased all of eBay's equity and all litigation between eBay and Craigslist will be dismissed," according to the eBay statement.

In 2010, a Delaware court restored eBay's holding in Craigslist to 28.4 percent after it had been diluted to 24.9 percent by actions taken by Craigslist majority shareholders Craig Newmark and Jim Buckmaster.

Craigslist, which has mostly free online listings and some paid ads for buyers and sellers of various items, is one of the most visited websites in the US and globally.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ebay sells back stake in craigslist ending dispute Arab Today, arab today ebay sells back stake in craigslist ending dispute

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ebay sells back stake in craigslist ending dispute Arab Today, arab today ebay sells back stake in craigslist ending dispute

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday