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
Is your lawyer smarter than IBM's Watson?
Sparke Helmore CIO Peter Campbell expects machine learning to take a chunk out of law firm profits. But he’s far from downcast.
 
Australia passes data retention into law
Mammoth last-ditch effort by Greens, indies knocked back.
 
Turnbull introduces bill to block piracy websites
Takes ownership of legislation from Brandis.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Do you support the Government's data retention scheme?

   |   View results
Yes
  9%
 
No
  91%
TOTAL VOTES: 1376

Vote