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Technology Stocks : eBay - Superb Internet Business Model

EBAY 99.56

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Oct 29 3:59 PM EDT

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From: Glenn Petersen	6/19/2015 11:52:14 AM
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EBay Sells Back 28.4% Stake in Craigslist, Ending Litigation Bloo0mberg June 18, 2015 EBay Inc. said it has sold its 28.4 percent equity stake in Craigslist Inc. back to the online classified advertising company. With the sale, all litigation between the companies will be dismissed, EBay said in a statement Friday. Terms of the sale weren’t disclosed. EBay’s 2004 purchase of the stake and its subsequent creation of its own online classified site, Kijiji, prompted Craigslist to mount takeover defenses and file lawsuits in California and Delaware. Kijiji was later renamed EbayClassifieds.com. EBay, based in San Jose, California, is scheduled to complete the spinoff of its PayPal payments division in the third quarter to create two publicly traded companies. finance.yahoo.com

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