Retailers, consumers and prices
Check out the latest twist in the eBay – Craigslist saga.
A judge reinstated eBay’s 28.4 percent stake in Craigslist, but allowed the classifieds site to keep eBay off its board.
The mixed ruling meant no clear victory for either of the companies, whose relationship turned from cozy to competitive and ended up in court in 2008.
“More fortunate than Goliath, eBay leaves this field with only a gash across its forehead; less fortunate than David, Craigslist leaves this field with something less than total victory,” wrote Chancellor William Chandler III of Delaware’s Court of Chancery in his opinion.
Craigslist has been keen to protect its decision-making and trade secrets after eBay launched a competing ad site, and the latest ruling will keep eBay out of the classified company’s boardroom.