vc
ebay buys craigslist
Filed in archive Venture Capital by tj on August 18, 2004
not entirely but a good 25% stake. No details have been given about the transaction but it's a surprising step considering the "non-profit" aura craigslist nurtured usually.

"Financial terms of the deal weren't disclosed. The stake was purchased from a former craigslist employee who first contacted eBay with the proposed sale, craigslist officials said."

Newmark, a former IBM programmer, founded craigslist in 1995 as a roundup of local events in San Francisco, but the bare-bones site fast became a popular online destination and has branched out to 45 cities in North America and Europe, with dozens more posted to a waiting list.

Each month, craigslist posts more than 2.5 million classified ads and more than 100,000 new job listings, and gets more than 1 billion page views and 5 million unique visitors per month, craigslist officials said.

EBay said it doesn't expect its investment in craigslist to affect financial guidance for the third quarter of fiscal 2004. "


Permalink: ebay buys craigslist
Tags: craigslist  ebay  buys  entrepreneurship  technology  ebay+buys  buys+craigslist  venture+capital 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/2795
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for ebay buys craigslist:

  • Currently 7.33/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 7.33 out of 3 vote(s) cast.
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!