eBay sues Craigslist over stock dispute

In a tiff over its 28.4 percent share in Craigslist, auction giant eBay has filed suit against the online classifieds site in a Delaware court of chancery. According to Reuters, eBay has accused Craigslist's board of directors of diluting its share.

The court confirmed that eBay filed its complaint Tuesday afternoon but could not provide further details, because the suit was filed under seal.

In a phone conversation, Craigslist founder Craig Newmark said, "We're still trying to digest it," and recommended contacting CEO Jim Buckmaster for further comment. Buckmaster did not immediately reply to an e-mail inquiry.

Newmark, Buckmaster, and the Craigslist company are reportedly named as defendants in the suit, the Reuters article asserts.

[mrorie]

And so it begins.

I wonder whether CL will exist in the form it currently does in a few years. I'm sure Ebay will do its best to eat it alive from the inside.

[JCPayne]

Uhhh Ebay has had that stake in Craigslist for years---- now...

You're a tad late on that.

[versabob]

"Exist in its current ...."

Will Ebay, or Craigslist or others exist in in their current form in a few years? Probably not, but such outcomes/changes may not necessarily be adverse.

[craigstoolbox]

Can't they just get along? http://www.craigstoolbox.com

[craigstoolbox]

Can't they just get along? http://www.craigstoolbox.com

[classifieds]

I think classifieds will survive
http://adlandpro.ws