eBay sues Craigslist

Claims loss of investment


23 April 2008 14:44 GMT / By Amy-Mae Elliott

eBay is suing Craigslist to "safeguard its four-year financial investment". The auction site owns a 28.4% stake in the ad listings company.

In a statement, eBay has said that in January, Craigslist executives took actions that "unfairly diluted eBay's economic interest by more than 10%" although has not detailed the actions.

All that is revealed in the closed case documents is the claim that Craigslist's founder Craig Newmark and its CEO Jim Buckmaster adopted unspecified measures that have "disadvantaged" eBay and its investment.

Craigslist has said it was surprised and disappointed by eBay's "unfounded allegations" and that the lawsuit "came to us out of the blue".
Related
Full tags
Software, Biz, Websites, eBay, Craigslist, Lawsuits

share print story pdf email story

Recommended articles

Recommended articles from around the web
Loading

Best iPad 2 apps

We detail the best iPad 2 and iPad apps in the app store Which iPad app should you download?

Best new iPad apps

We detail the best iPad apps in the app store for your new Retina Display Which iPad app should you download?

Windows 8

First Look: Windows 8 Consumer Preview reviewed

The new iPad

The new iPad: Everything you need to know

Pocket-lint poll

Q. Does the Samsung Galaxy S III deliver what you hoped for?

Vote YES Vote NO

» LAST TIME
When asked Would you switch from iOS to Android? 54% said yes and 46% said no