E Bay sells back Craiglist Stake putting an end to Litigation Battle

E Bay sells back Craiglist Stake putting an end to Litigation Battle

E Bay sold back its 28.4 stake in Craigslist Inc in a conclusive act following years of litigation. Though the exact stake price in Craigslist has not been disclosed EBay stated that all litigation will be dismissed. EBay will now solely focus on its retail marketing division and is attempting to close off the EBay Enterprise that gives timely delivery and customer support to e merchants. According to Kenny Rice a top analysts at Needham and Co this is a serious effort to eliminate other peripheral interests and focus on the core competency. According to Rice, Craigslist’s market response is […] Read more