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by gigafemtonano 5766 days ago
EBay acquired its stake from a former Craigslist executive who was seeking to sell his shares. Mr. Newmark and the Craigslist CEO Jim Buckmaster said in separate messages posted on the Web that they never imagined a stake in Craigslist ending up in the hands of a publicly-traded company. Still, the former Craigslist executive made it clear to the company that he intended to sell his shares and began approaching other parties, including eBay.

http://www.craigslist.org/about/press/ebay.stake