EBay sells off StumbleUpon, plans to sell Skype

Share this content:

Online auction site eBay this week sold recommendation engine StumbleUpon, which it purchased two years ago for $75 million.

EBay sold StumbleUpon back to its founders, Garrett Camp and Geoff Smith, as well as a group of venture capital investors, including Sherpalo Ventures, Accel Partners and August Capita.

In a blog on StumbleUpon's Web site, Camp wrote that the company is “very excited” about the move.

“This change will help StumbleUpon move quickly and stay true to its focus - helping people discover interesting web content,” he wrote.  “Our goal is to make StumbleUpon the web's largest recommendation engine and we think this is the best way to get us there.”

EBay did not disclose the amount for which it sold StumbleUpon.

Also on Tuesday, eBay said it is planning an initial public offering for its Skype Internet telephone unit, which it intends to complete in the first half of 2010.

In 2008, Skype generated revenues of $551 million, up 44% from 2007; and segment margins of approximately 2%, the company said. 
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above