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.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]