EBay Divests Craigslist Stake, Ends Litigation
Sale ends an at-times contentious relationship between the two Web firms
Before splitting in two, online marketplace eBay Inc. is selling off some old inventory.
EBay, which plans to spin off its PayPal payments unit next quarter, said on Friday it had sold to Craigslist Inc. for an undisclosed amount a 28.4% stake it had held in the online classified-ad site since 2004 and settled outstanding litigation.
The deal ends an occasionally contentious relationship between the two Web firms. In 2008,...
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