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eBay Purchases Stumbleupon for $75 Million!
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PostPosted: Sat Jun 30, 2007 2:19 pm  Post subject: eBay Purchases Stumbleupon for $75 Million!
eBay Purchases Stumbleupon for $75 Million!

Latest SEO News has reported that the acquisition of StumbleUpon by eBay has been completed and it took $75 millions for the shopping, payment services and online auction company to purchase StumbleUpon.

The senior director of eBay, Mr. Michael Buhr sounded extremely happy when he talked about the acquisition. He described StumbleUpon as a great addition to eBay family as he feels that the purpose of both sides is similar and they together can work on building new communities.

The current founders of StumbleUpon and the management team will remain in their current position. But they have to work with Mr. Michael Buhr from eBay. This acquisition has been rumored since November and few days back StumbleUpon confirmed it on their blog:

Quote:
FROM STUMBLEUPONS BLOG
"StumbleUpon has officially joined eBay. We're excited about this, and we hope you are too. Looking to the future, we think that joining eBay is the right thing to do to help us to grow StumbleUpon to its full potential. We think eBay is a great fit for us because eBay and StumbleUpon share similar approaches; we're both driven by our community of users, and we are both dedicated to connecting people."


You can read more here - http://blog.stumbleupon.com/joining_ebay

Shawn DesRochers

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