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eBay acquires Craigslist

Brandon L
Comments 4
This prediction is closed and has been judged.
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Judgment on January 6, 2009: There's no love lost between eBay and Craiglists, but eBay did not go hostile and takeover the online classified listings site by the end of 2008. The community got this right. -- The Industry Standard

Original prediction: There is a lot of developing merger and acquisition activity in 2008. It is no secret that eBay has taken a stake in the online site Craigslist. eBay may go hostile – due to the past and current conflicts with the dilution of eBay’s ownership in Craigslist.

eBay + Craigslist"Craiglist later took steps to reduce eBay's stake. In December, 2007, and January, 2008, Craigslist changed its bylaws to dilute eBay's ownership to 24.85% (from around 28%), removing its right to appoint a Craigslist board member" (Businessweek).

With 10 Billion pages views per month – it’s a nice target for eBay. For now, Craigslist is not for sale – but as eBay increases its ownership – it is only a matter of time. A wager in favor of is: a bet that eBay will hold a majority stake (51%) in Craigslist by the end of 2008.

Editor's note: We're approving this prediction, which is especially intriguing in light of Craigslist's announcement today that it is countersuing eBay. Brad Stone has a nice piece on the situation which says quite appropriately "It's war, then." Hostile indeed! Will be interesting to see how this plays out.

Price History

Prediction Statistics

Betting Closes:Dec 31 2008Current Consensus:7.94%Total Bets:45
Today's Change:
0%
Life Time High:48.75%
Life Time Low:7.94%

Comments

Great prediction, Brandon!


thank you!


Not gonna happen. Two orthogonal models will not fit.


No buyer for Craiglist. Unfavorable judgment can now be rendered.


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