EBay took Craigslist stake partly to block Google: exec

**MIG-31** · Dec 10, 2009, 07:20 PM

"That was a consideration," said Garrett Price, who was eBay's principal deal maker in its $32 million agreement to acquire a 28.4 percent stake in Craigslist in 2004. He spoke under cross-examination in a trial taking place in Delaware.

Earlier in the week, eBay founder Pierre Omidyar said Craigslist's founder Craig Newmark seemed distressed by his dealings with an unnamed party that was in talks to buy a stake in Craigslist, but was "hostile to its mission."
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Source: Reuters

Dec 10, 2009, 07:20 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,854 Rep Power: 471 System Specs	EBay took Craigslist stake partly to block Google: exec "That was a consideration," said Garrett Price, who was eBay's principal deal maker in its $32 million agreement to acquire a 28.4 percent stake in Craigslist in 2004. He spoke under cross-examination in a trial taking place in Delaware. Earlier in the week, eBay founder Pierre Omidyar said Craigslist's founder Craig Newmark seemed distressed by his dealings with an unnamed party that was in talks to buy a stake in Craigslist, but was "hostile to its mission." ____________ Source: Reuters __________________ Please Post Your News Submissions Here