EBay sells stake back to Craigslist

19 Jun 2015

(Editor’s note: We sent this ALERT to clients a few moments ago.)

 

In the end, EBay threw in the towel and sold its shares back to Craigslist Inc. But it probably got a 10x return on its investment, or more. Maybe even 20x or 30x.

EBay today announced that it sold its 28.4 percent stake in Craigslist Inc. back to Craigslist, meaning Craig Newmark and Jim Buckmaster won thei

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Peter M. Zollman

Peter M. Zollman brings more than 35 years of media experience to his role as founding principal of the AIM Group / Classified Intelligence Report. He has worked with a wide range of media companies, dot-coms, technology providers and start-ups to develop and expand successful interactive-media services. He is based in Altamonte Springs, Fla., near Orlando.