EBay falls for StumbleUpon in US$75M deal

 

Two companies reported to be in negotiations.

Auction website eBay is reported to be in talks to buy social networking recommendation site StumbleUpon for US$75 million.

Both companies have refused to comment on the speculation, but talks are thought to be nearing a critical stage.

A decision is expected within the next few weeks, according to reports on Reuters.

StumbleUpon uses recommendations from its 2.3 million users to match websites, videos and photos to a user's interests.

Users can cast their votes using a browser toolbar, giving sites the thumbs up or thumbs down.

"StumbleUpon learns what you like and makes better recommendations," the website claims.

EBay has made a number of high-profile acquisitions in its history, including the US$1.5 billion buyout of PayPal in July 2002 and the US$2.6 billion deal for Skype in September 2005.

Copyright ©v3.co.uk


EBay falls for StumbleUpon in US$75M deal
 
 
 
Top Stories
First look: Microsoft Outlook for iOS
[Update] Office productivity suite for iOS completed with Outlook.
 
NewSat defaults on $26m in overdue Lockheed payments
Jabiru-1 satellite build hits further hurdles.
 
IBM denies plans to cut 112k jobs
But admits to further restructuring.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Who do you trust most to protect your private data?







   |   View results
Your bank
  36%
 
Your insurance company
  5%
 
A technology company (Google, Facebook et al)
  9%
 
Your telco, ISP or utility
  8%
 
A retailer (Coles, Woolworths et al)
  4%
 
A Federal Government agency (ATO, Centrelink etc)
  18%
 
An Australian law enforcement agency (AFP, ASIO et al)
  14%
 
A State Government agency (Health dept, etc)
  7%
TOTAL VOTES: 3112

Vote
Do you support the abolition of the Office of the Information Commissioner?

   |   View results
I support shutting down the OAIC.
  27%
 
I DON'T support shutting the OAIC.
  73%
TOTAL VOTES: 994

Vote