EBay Inc. sold its 28.4 percent stake in Craigslist Inc. back to the online classified advertising company, ending years of litigation between the technology pioneers as the Web marketplace prepares to restructure.
All litigation between the companies will be dismissed, EBay said in a statement Friday. The price of the stake in Craigslist, which is closely held, wasn’t disclosed.
The deal is the latest step by EBay to focus on its online marketplace. The San Jose, California-based company is scheduled to spin off its PayPal transactions business in the third quarter. The company also is trying to sell its EBay ...
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