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Craigslist and eBay are set to fight it out in the court room as a trial between the two companies gets underway in Delaware, US. eBay has filed a lawsuit against Craigslist in 2008 as the two companies argue about eBay’s share in the classifieds site. The auctions site claims that Craigslist diluted its stake by issuing new shares, lowering eBay’s slice from 28.4 percent to just 24.85 percent which meant loosing its seat on the Craigslist board. <\/p>\n
Former eBay CEO Meg Whitman took the stand yesterday in the first day of the trial which is set to last a week. She argued eBay’s case saying the company entered with the best intentions and was deeply interested in the classifieds market. eBay bought its stake in Craigslist from a former investor and Whitman says the company paid $16 million for the shares and a further $8 million to Craigslist cofounder Craig Newmark and to CEO Jim Buckmaster for special rights, like veto powers over mergers and acquisitions, as the company wanted to make sure competitors didn’t get their hands on it. <\/p>\n
“We were very interested in making an acquisition of Craigslist and we would have loved to have bought the whole thing,” Whitman told the court. “But we understood early on that was not going to be possible, at least early on.” She also said that the company was interested in the … (read more<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":" Craigslist and eBay are set to fight it out in the court room as a trial between the two companies gets underway in Delaware, US. eBay has filed a lawsuit against Craigslist in 2008 as the two companies argue about eBay’s share in the classifieds site. The auctions site claims that Craigslist diluted its stake […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-70774","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/70774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=70774"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/70774\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=70774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=70774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=70774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}