Filed under: International markets, Deals, Products and services, Management, Competitive strategy, eBay (EBAY)

It looks like Skype isn’t the only bad acquisition for e-commerce giant eBay (NASDAQ: EBAY) lately, as TechCrunch is now reporting that eBay is looking to dump another current acquisition, StumbleUpon.com.

According to TechCrunch, eBay has hired Deutsche Bank to help the company unload StumbleUpon, a website recommendation service that it acquired a little over a year ago, back in Might 2007.

At the time that eBay purchased StumbleUpon, it paid $75 million for the company, and it is pretty doubtful that it is going to be able to sell it for that amount, probably far less due to the inability to grow its popularity over the past 16 months.

Continue reading eBay possibly looking to dump StumbleUpon

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This entry was posted on Friday, September 19th, 2008 at 6:14 pm and is filed under Latest News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.