I’m hearing that the eBay/StumbleUpon acquisition will be officially announced sometime today – almost certainly at the end of trading. Keep an eye our for the press release. We originally broke this rumor in April when a term sheet was reportedly signed. The Wall Street Journal picked up the story earlier this month.
I don’t know if the price will be disclosed, or if the rumors of $75 million are roughly correct.
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I like stumbleUpon like we is now…
How does StumbleUpon fit into eBay anyway? I hope I dont start stumbling upon featured auctions. That will piss me off.
I was in my My.eBay.com area earlier today and there was “Try StumbleUpon, a new addition to the eBay family” link (I’m paraphrasing the verbage, I don’t remember the exact phraising).
Bryan — I was wondering the same, but I presume they will find a way to “make it fit”. Anyway, congrats to the founders and team which have made SU what it is today.
Is this a way how eBay enters the web search market? Looking forward seeing reasons for this deal.
Hmm….
CBS is acquiring companies, NewsCorp’s MySpace is acquiring companies……
Where is this gonna end?
eBay bought Skype, which is a communication platform – namely, voice & chat. Now they are buying stumbleupon because in theory, SU has the potential to become a platform for browse / search with a reported 4 million stumbles per day, if each one was as valuable as a search from the box on Google or Yahoo, that’s a really good position in the search market for such a low figure.
Of course, there is the SU for product potential as well.
I’m an eBay employee and just received an invite to a meeting this afternoon that will cover the “Why’s and How’s of M&A”. Perhaps this indicates that eBay will indeed be making an announcement this afternoon and wants to cover internal questions about it in a more direct manner than the execs ever have before.
Stumble is just another way for Ebay to diversify its assets. Think of how much money they have vs. they spend. After a waiting perioud since the last boom, the giants are waking up to buy the newest and the brightest (or so they think) but the boom is going to end eventually..
Sramana Mitra, writes a series of articles on eBay’s acquisitions.Sramana also analyzes e-bays strategy. Read more eBay’s Forays Into Media.
Sramana Mitra, writes a series of articles on eBay’s acquisitions.Sramana also analyzes e-bays strategy. Read more eBay’s Forays Into Media.
http://sramanam...ra.com/blog/900