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eBay Acquires Minority Interest in craigslist







eBay Acquires Minority Interest in
craigslist

eBay Acquires Minority Interest in
craigslist
08/13/2004 08:38 AM

eBay Acquires Minority Interest in craigslist

SAN FRANCISCO & SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 13, 2004--eBay, The World's Online Marketplace (Nasdaq:EBAY) (www.ebay.com), and craigslist, an online community featuring classifieds and forums (www.craigslist.org), announced today that eBay has acquired a preexisting minority ownership interest in craigslist of approximately 25%. The resulting relationship will allow eBay and craigslist to share expertise, resources, and creativity on behalf of online communities everywhere.

Craig shares his account of this about it on his blog.

I can imagine some people complaining about this, but I think this is might be a good direction for craigslist to go. Congrats to all involved. I look forward to seeing how these communities will interact and how eBay helps craigslist and vice versa.

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eBay Acquires Minority Interest in craigslist

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Online auctioneer eBay Inc. said Friday that it purchased a 25 percent pre-existing stake in San Jose, Calif.-based online marketplace craigslist.

With sites in 45 cities around the world, craigslist is an online meeting place for people looking to meet others, find a job, or locate an apartment as well as trade in such goods as tickets, furniture, cars and sporting goods.

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