Stake of eBay in Craigslist restored after triumphant court decision

The world’s largest online auction website, eBay, just announced late this afternoon that a Delaware Court ruled in favor for the company in a lawsuit that involved the dilution of its investment in rival company Craigslist.

The lawsuit was initiated in 2008, and alleged majority Craigslist stockholders, and the company founders Mr. Buckmaster and Mr. Newmark, unlawfully undertook transactions that unfairly diluted eBay’s minority share in Cragslist.

eBay Inc. made an initial investment in the classifieds giant in August of 2004, although the terms of the deal were not disclosed, other than the fact that eBay earned a marginal 25-percent stake in the company after buying out the shares of an exiting executive.

eBay says the ruling today restores the firms investment in Craigslist and preserves value to eBay shareholders.

eBay now currently holds a non-controlling 28.4-percent total stake in the company.

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10 Things You Didn't Know About Bedbugs

The old rhyme "Good night, sleep tight, don't let the bedbugs bite" has become a frightening reality lately. With bedbug outbreaks so common they're hardly even newsworthy anymore, people are on high alert for the tiny insects. But with increased awareness comes an onslaught of rumors, myths and flat-out fallacies. So WD went to the experts to differentiate fact from fiction, and found out everything you never knew about bedbugs.

1. The term bedbug is a misnomer.
2. Bedbugs don't discriminate.
3. Bedbugs haven't been proven to transmit any harmful diseases.
4. No two people's bedbug bites will look the same.
5. Bedbugs aren't truly nocturnal.
6. Even if you can't see them, you may have them.
7. Properly trained dogs can sniff out bedbugs.
8. You don't have to throw away your belongings if you have bedbugs.
9. You should never treat your home for bedbugs yourself.
10. Bedbugs aren't going anywhere any time soon.

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