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Source: news.yahoo.com --- 15 days ago
Reuters - Web classifieds leader Craigslist sought a divorce, while online auction giant EBay proposed a formal marriage, according to court papers unsealed on Wednesday that detail a testy four-year relationship. ... Source: money.cnn.com --- 24 days ago
Read full story for latest details. ... Source: www.news.com --- 24 days ago
Craigslist responds to EBay Lawsuit, citing surprise by the complaint and questioning the online auction giant's motives. ... Source: www.news.com --- 3 days ago
Weeks after EBay accuses Craigslist of trying to dilute its ownership stake, Craigslist managers accuse EBay of trying to harm the Web's No.1 classified site. ... Source: www.nytimes.com --- 24 days ago
In a statement, EBay said that in January, Craigslist executives took actions that “unfairly diluted EBay’s economic interest” in the company. ... Source: www.reuters.com --- 16 days ago
SAN FRANCISCO (Reuters) - Web classifieds leader Craigslist sought a divorce, while online auction giant EBay proposed a formal marriage, according to court papers unsealed on Wednesday that detail a testy four-year relationship. ... Source: www.techcrunch.com --- 3 days ago
Following the Lawsuit EBay filed against Craigslist two weeks ago, Craigslist is punching back today. In a countersuit (complaint embedded below), Craigslist wants back the 28.4 percent of its shares that EBay bought in 2004. It also wants the court to award Craiglsit EBay’s related profits, and punitive damages on top of it [...] ... Source: www.usatoday.com --- 24 days ago
Craigslist is firing back at its rival and minority owner EBay, scolding the online auctioneer's actions as unethical and smelling ... ... Source: forums.pcworld.com --- 24 days ago
Post your comments for EBay Files Governance Lawsuit Against Craigslist here ... Source: arstechnica.com --- 11 days ago
Craigslist CEO Jim Buckmaster isn't done opining on EBay's Lawsuit against the site. In yet another blog post, Buckmaster attempts to show that EBay is hypocritical in its objections because it has implemented many of the same policies Craigslist stands accused of. Read More... ... Source: www.dailytech.com --- 13 days ago
EBay makes suit documents public ... Source: www.cbsnews.com --- 15 days ago
EBay, which filed a Lawsuit against Craigslist earlier this month, has made public the details of the Lawsuit, though with some parts censored out. ... Source: www.informationweek.com --- 15 days ago
Web classifieds leader Craigslist sought a divorce, while online auction giant EBay proposed a formal marriage, according to court papers unsealed Wednesday that detail a testy four-year relationship. ... Source: www.computerworld.com --- 15 days ago
EBay claims Craiglist secretly plotted to dilute EBay's share in the online classified site, according to details of EBay's Lawsuit. ... Source: www.paidcontent.org --- 16 days ago
EBay ( NSDQ: EBay ), which filed a Lawsuit against Craigslist earlier this month, has made public the details of the Lawsuit (though with some parts censored out), and has more details besides the general allegation that the Craigslist board had diluted EBay's 28.4 percent stake in the online classifieds site. Craigslist CEO Jim Buckmaster told Meg Whitman last summer that it wasn;t comfortable with the stake, and would "wish to explore options for our repurchase, or for otherwise finding a new home for these shares," the Lawsuit copy says. Whitman responded via e-mail last July with an offer to buy out Craigslist, the Lawsuit says. After that, the suit says that Craigslist tried to adopt a poison pill provision, to fend off such a move by EBay. "Defendants' actions are a thinly disguises stratagem to force EBay to sell its shares to them (or the Company they control) at below market price," the suit says. Craigslist considers EBay's own classifieds site Kijiji a competitive activity that nullifies some shareholder rights EBay had when it bought the stake...EBay thinks Craigslist went too far in interpreting what those rights were. Among the moves by Buckmaster and Craig Newmark, as this WSJ story points out: as an "inducement" to persuade EBay to enter into a new "right of first refusal" agreement, the two authorized the issuance of one "reorganization share" in Craigslist for every five shares owned by a shareholder who agr ... Source: www.internetnews.com --- 3 days ago
Corporate spying is among charges in countersuit against corporate parent. ... Source: www.moreover.com --- 15 days ago
Reuters May 2 2008 2:09AM GMT ... Source: www.pcadvisor.co.uk --- 24 days ago
Craigslist's board accused of diluting investment EBay has filed a Lawsuit alleging that some changes made by Craigslist's board of directors have diluted EBay's investment in the online classified site. ... Source: www.zeropaid.com --- 15 days ago
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EBay is no stranger to the tactics over which the online auction site is suing Craigslist, according to a Thursday blog post from Craigslist CEO James Buckmaster.
"Although our response to each of EBay's unfounded claims will have to wait, it's worth pointing out that EBay is suing us for implementing protections for Craigslist that it clearly believes are perfectly appropriate for protecting itself," Buckmaster wrote in an entry titled "Kettles and Pots."
EBay filed suit against Craigslist last month for unfairly diluting its stake in Craigslist. According to court documents released this week , EBay agreed to give up its right of first refusal if it ever launched a service that would compete with Craigslist. EBay unveiled classifieds Web site Kijiji.com in the U.S. last year - and Craigslist promptly revoked EBay's right of first refusal. In January, Craigslist re-organized stock allotments to put EBay's stake below 25 percent, which basically gives the online auction site little say in Craigslist operations.
The move - known as a poison pill - is at the heart of the EBay Lawsuit, but in his blog post, Buckmaster points to a 2004 EBay filing with the Securities and Exchange Commission (SEC) in which EBay reserves the right to implement a poison pill situation.
"We could use the additional shares of common stock to oppose a hostile takeover attempt or delay or prevent changes in control of ...