eBay asserts that the board of Craiglist (leading classifieds service in the Network) took “unilateral steps” to reduce the participation of 28.4% which eBay owns more than 10%.
The complaint accuses the founder of Craiglist, Craig Newmark, who runs the company with a well-known style of open-mindedness, and CEO Jim Buckmaster. Newmark and Buckmaster are the only members of the board.
In an entry on his blog on Tuesday afternoon, Craiglist said he was “surprised and disappointed” by the accusations of eBay, which “came out of nowhere, without any attempt to establish a dialogue with us.” The annotation Buckmaster wrote, according to a spokesman for the company.
The demand for “a company that sees as a competitor to Craiglist frontline (…) seems unethical, and suggests ulterior motives” as a “hostile acquisition” of Craiglist, or the sale of eBay to a “hostile party “, Stated in the blog.
eBay bought a minority stake in the company in 2004, three years after U.S. launched its own free classified ad site, called Kijiji. The two services directly compete there and in a dozen other countries, although Kijiji fits your ads to young families, instead of keeping the market square style Craiglist open.