Ebay Looking To sell One Of Its Companys
eBay looking to sell StumbleUpon
Little Rock, Arkansas — In a recent report from CNET, online auction and shopping giant eBay is looking to unravel the tie between them and StumbleUpon, a website discovery service.
As per a report published in TechCruch, eBay has employed Deutsche Bank to manage the sale of StumbleUpon, which eBay purchased just over a year ago at the price of $75 million.
For those that may be unfamiliar, StumbleUpon takes a look at the internet sites that users have visited and makes recommendations about other websites and videos that they may also enjoy.
According to the report released by TechCrunch, a source was cited who says that “eBay is hoping to use Deutsche Bank to land the ‘right buyer,’ though the asking price is unknown and uncertainty exists whether the online retailing giant will be able to get what it paid, or will have to run the proverbial blue light special.”
The report also noted that StumbleUpon saw a whopping 1.3 million visitors worldwide and 25 million page views during the month of July. Additionally, it was shown that one year prior, StumbleUpon welcomed 4.4 million visitors with 31 million page views (as per ComScore).
Currently, StumbleUpon has more than 6 million registered users.
Link: eBay looking to sell StumbleUpon CaymanMama Dallas Newsroom |