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EBay says Craigslist unfairly diluted eBay’s stake (The State)

EBay Inc. says it is suing Craigslist, alleging the classified site’s board unfairly tried to dilute eBay’s stake in it. EBay purchased a 28-percent stake in Craigslist, a privately held company, in 2004. But in January, eBay says, Craigslist’s board, consisting of founder Craig Newmark and Chief Executive Jim Buckmaster, unilaterally acted to dilute eBay’s economic interest in Craigslist by …

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