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eBay Sues Craigslist

by Tim Stevens on April 23, 2008 at 12:05 PM

eBay Sues Craigslist, Steps on Own FootIt's a widely held belief that eBay and Craigslist, the two premier online places to get rid of your old stuff and buy someone else's, are bitter rivals. While it's true that they're definitely competitors, what's not widely known is that eBay actually owns roughly a third of Craiglist, having bought 28% of the company back in 2004. Odd, then, that eBay would be suing Craigslist (and thus itself) for perpetrating some sort of unknown affront against the company.

The lawsuit is sealed, meaning the exact complaint made by eBay is a secret, but it has something to do with actions made by Craigslist directors Craig Newmark and Jim Buckmaster, whom eBay feels were damaging to the company. The suit is an attempt to get those two to get the company back on whatever track eBay thinks is best. Exactly what track that is, unfortunately, also be a secret.

Maybe eBay is just bitter that its Craigslist competitor, Kijiji.com, hasn't exactly caught on. [Source: AOL Money & Finance/AP]

Tags: Craigslist, lawsuits

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