EBay Files Suit Against Craigslist. Brad Stone, 22 April 2008. In a statement released Tuesday, eBay said that in January, Craigslist’s two directors, the founder Craig Newmark and the chief executive, Jim Buckmaster, took actions that unfairly diluted eBay’s economic interest in the company. eBay did not specify what those actions were.
EBay bought a 28.4 percent minority interest in Craigslist in 2004. “The recent actions by the Craigslist directors have disadvantaged eBay and its investment in Craigslist,” said Mike Jacobson, eBay’s senior vice president and general counsel, in a written statement (The New York Times).
Craigslist Hits Back at eBay. Brad Stone, 2008 May 2013. Craigslist’s complaint details how eBay originally got its 28.4 percent minority stake in Craigslist — from a former employee — and the tension-filled relationship that ensued between the two companies.
The Craigslist partners, Craig Newmark and Jim Buckmaster, were constantly fending off eBay’s entreaties to acquire the company, according to the complaint, and felt that eBay began demanding confidential information about Craigslist when it began its competing site, Kijiji (The New York Times).