Monday, April 13th, 2009
eBay Confirms Sale of StumbleUpon
Although no press release will be issued by the company, eBay Inc. today confirmed the sale of StumbleUpon in the following statement:
“StumbleUpon remains a fast-growing company with potential for continued growth in the online discovery market. As eBay Inc. expands its leadership in online payments and ecommerce, it has become apparent that there are few long-term, strategic synergies between StumbleUpon and the eBay Inc. portfolio. The separation of the two companies is the right move to further StumbleUpon’s success while eBay Inc. continues to focus on strategies to connect buyers and sellers across its many platforms.”
StumbleUpon was acquired by eBay back in May of 2007. Terms of today’s sale will not be disclosed and, judging by conversations I’ve had here internally, the above statement is the final word coming out of the company regarding the deal.
Cheers,
RBH
Tagged: acquisition, ebay, ebay inc, ebay portfolio, ebay roadmap, Finance, sale, StumbleUpon
HenriettaOn April 13, 2009 at 1:45 pm Said:
I will immediately add StumbleUpon back to my tool bar. It has been sad to watch the decline this last year.
Danna CrawfordOn April 13, 2009 at 6:40 pm Said:
I’ve been a member of StumbleUpon for awhile now and its funny to read this news because I’ve been using the site more than ever recently.
I think its a brilliant tool that has been overlooked. With a bit of better marketing and promoting, it could be brought back to life!
Beth M.On April 13, 2009 at 9:58 pm Said:
Ah, that explains so much! Somewhere along the line, I missed it that eBay bought StumbleUpon. I used to love that site and used it regularly. But, last year it became loaded with rules and regs, effectively killing what made it work in the first place. (I should have suspected the eBay touch! LOL!)
Glad to know it is being sold – perhaps it can still come back from the decline.
Beth M.On April 14, 2009 at 12:11 pm Said:
Ah, that explains so much! Somewhere along the line, I missed it that eBay bought StumbleUpon. I used to love that site and used it regularly. But, last year it became loaded with rules and regs, effectively killing what made it work in the first place. (I should have suspected the eBay touch! LOL!)
Glad to know it is being sold – perhaps it can still come back from the decline.
Should add good post. Can’t wait to seeing your next post!
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