EBay falls for StumbleUpon in US$75M deal

By on
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
Tags:

Most Read Articles

You must be a registered member of iTnews to post a comment.
| Register

Poll

How should the costs of Australia's piracy scheme be split?
Rights holders should foot the whole bill
50/50
ISPs should foot the whole bill
Government should chip in a bit
Other
Flash is heading towards its grave, and that's...
Great! Good riddance
Sad! Flash had some good qualities
Irrelevant. I don't care
What's Flash?
View poll archive

Whitepapers from our sponsors

What will the stadium of the future look like?
What will the stadium of the future look like?
New technology adoption is pushing enterprise networks to breaking point
New technology adoption is pushing enterprise networks to breaking point
Gartner names IBM a 'Leader' for Disaster Recovery as a Service
Gartner names IBM a 'Leader' for Disaster Recovery as a Service
The next era of business continuity: Are you ready for an always-on world?
The next era of business continuity: Are you ready for an always-on world?

Log In

Username:
Password:
|  Forgot your password?