Stay on Top of Enterprise Technology Trends
Get updates impacting your industry from our GigaOm Research Community
Two years after purchasing web-page rating tool StumbleUpon for $75 million, eBay (NSDQ: EBAY) is handing the company back to its founders as well as Sherpalo Ventures, Accel Partners and August Capital. Financial terms were not disclosed. In a blunt statement, StumbleUpon founder Garrett Smith said there were “few long-term synergies” between eBay’s online retail business and StumbleUpon. “It is best for us to part ways and focus on our respective strengths,” he said.
Contrast that with StumbleUpon’s statement when eBay bought the firm: “We think eBay is a great fit for us because eBay and StumbleUpon share similar approaches
Advertisement
Good… trying buying businesses the compliment your core competencies.