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EBay Inc., one of the world’s most- visited e-commerce sites, won a lawsuit claiming that Craigslist Inc. created its anti-takeover defenses to weaken EBay’s role in the online classified-advertising company.
EBay Inc., the world’s most-visited e-commerce site, won a lawsuit over Craigslist Inc.’s decision to strip it of a seat on the online classified-advertising company’s board.
eBay UK announced it would delay launching the new version of its Community hub by two weeks. It was originally scheduled to go live on eBay.co.uk and eBay.ie on Wednesday.
SAN JOSE, Calif.----eBay Inc. said today that Chancellor William B. Chandler III of the Delaware Court of Chancery ruled in the company’s favor in a shareholder suit filed against Craigslist, and its majority shareholders Jim Buckmaster and Craig Newmark.
A judge has ordered Craigslist to reverse two moves it made that hurt one of its biggest investors -- eBay. The moves diluted eBay Inc.'s share of the company, bought in 2004, and made it harder for eBay to sell the interest and to name a director to Craigslist's board.