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