Smelly
This smells a little too much to me. I am sure all the world will come to the rescue of ‘little Craigslist’ against big corp eBay but there is this “eBay says, Craigslist’s board [..] unilaterally acted to dilute eBay’s economic interest in Craigslist by more than 10 percent.”
There are no specifics and the case is sealed. Perhaps they re-capitalized the company. Perhaps they changed the voting rights and preferences of each owner’s stake. It will be interesting to see whether it makes the results make it into eBay’s filings. Stay tuned.
