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    EBay sells stake back to Craigslist, ending legal battles

    By SHOOTUpdated:No Comments906 Views
    This July 2013 file photo shows a sign at eBay's headquarters in San Jose, Calif. (AP file photo).
    SAN JOSE, Calif. (AP) --

    E-commerce company eBay has sold its 28.4 percent stake in Craigslist back to the online classified advertising site, ending years of legal wrangling between the two companies.

    The move announced Friday comes as eBay prepares to split with its online payments system PayPal. Financial terms were not disclosed.

    EBay, which is based in San Jose, California, bought a stake in Craigslist in 2004. But the two companies have tussled in the legal arena. Craigslist has long accused eBay of using confidential information to start its own classifieds site in the U.S. in 2007.

    In 2010, a judge ruled that Craigslist founder Craig Newmark and CEO Jim Buckmaster violated their responsibilities to eBay with changes they implemented that diluted eBay's share from 28.4 percent to 24.9 percent and made it harder for eBay to sell the stake.

    EBay said with the repurchase, all litigation between eBay and Craigslist will be dismissed. It declined to comment further.

    Craigslist posted an excerpt of eBay's statement on its blog along with an excerpt of Shakespeare's "All's Well That Ends Well," including the line "Love all, trust a few."

    Shares in eBay Inc. rose 37 cents to $61.06 in afternoon trading.

    Tags:CraigslisteBay



    Christmas TV movies are in their Taylor Swift era, with 2 Swift-inspired films airing this season

    Friday, November 22, 2024
    This image released by Hallmark Media shows Hunter King, left, and Tyler Hynes in a scene from "Holiday Touchdown: A Chiefs Love Story. (Joshua Haines/Hallmark Media via AP)

    Two new Christmas TV movies have a Taylor Swift connection that her fans would have no problem decoding.

    "Christmas in the Spotlight" debuts Saturday on Lifetime. It stars Jessica Lord as the world's biggest pop star and Laith Wallschleger as a pro football player, who meet and fall in love — not unlike Swift and her boyfriend, Kansas City Chiefs tight end Travis Kelce.

    "It's clearly inspired by Taylor and Travis, but I don't know them and I don't know what is going on behind the scenes. I only know what's been put out there," said Eirene Tran Donohue, a longtime, devoted fan who jumped at the opportunity to write a script even loosely based on her favorite musician.

    She was inspired by the couple's support of each other's accomplishments, particularly Kelce's ease with dating the star despite the glare of the spotlight, adding, "I love the way that he celebrates her."

    Tran Donohue wants fellow Swift fans to know she wrote the script with them in mind.

    "There are so many Easter eggs," she said of little details added that a Swift fan would pick up on. "I put in as many as I could."

    Then, on Nov. 30, Hallmark will air "Holiday Touchdown: A Chiefs Love Story." Instead of a nod to Swift, it's an ode to family traditions and bonding, like rooting for a sports team. Hallmark's headquarters is also in Kansas City, so it makes sense why the company chose the Chiefs to be highlighted.

    In this story, written by Julie Sherman Wolfe, sparks fly when a new employee for the Chiefs organization (Tyler Hynes) meets a woman — played by Hunter King — whose family's dedication to the team goes back generations.

    Sherman Wolfe, a San Francisco 49ers fan, said she got the call a week after Super Bowl LVIII, when the Chiefs... Read More

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