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StumbleUpon’s Ebay Spinoff Valuation: $29 Million (TechCrunch)

Earlier this month we reported on eBay’s spinoff of StumbleUpon , a company it owned for a little less than two years. Ebay bought the company for $75 million in May 2007. Unknown until now, though, was the spinoff value of StumbleUpon. According to a source close to the transaction, it was $29 million. New investors Sherpalo Ventures, Accel Partners, and August Capital joined StumbleUpon …

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