Craigslist founder Craig Newmark testified that he was assured by executives from eBay that they were happy with a “courtship” period in which eBay would hold a minority stake for several years, and that if both sides weren’t happy, they would agree to an amicable parting of the ways.
But Newmark testified that soon after the deal was struck, eBay’s tone changed and “all of a sudden we were getting pressure to sell more equity.”
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