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eBay starts undoing bad acquisitions: Sets StumbleUpon free
Between the Lines —
... ( blog ), StumbleUpon said its two year run as a subsidiary of eBay is over. StumbleUpon founders Garrett Camp and Geoff Smith and investors such as Ram Shriram of Sherpalo Ventures, Accel Partners and August Capital are buying the company back. Camp will be CEO. Terms of the deal weren’t disclosed. Why the breakup? Camp said:“We realized there were few long-term synergies between the two businesses. It is best for us to part ways and focus on our respective strengths.” The good news for eBay is that it only blew $75 million on StumbleUpon. That sum is basically a rounding ...
StumbleUpon leaves eBay, starting up again on own two feet
VentureBeat —
... . Apparently things never ended up fitting. StumbleUpon has spun itself out of eBay and is once again a startup, it announced today — this follows ...
StumbleUpon Spins Off Independently From eBay
Pulse2 - Technology News And Reviews —
... StumbleUpon believes that this will help the company stay more focused on their goal — “helping people discover interesting web content. Our goal is to make StumbleUpon the web’s largest recommendation engine and we think this is the best way to get us there,” stated StumbleUpon co-founder Garrett Camp. ...
StumbleUpon Breaks Free from eBay - Founds Buy it Back
ReadWriteWeb —
... the shadow of the mega-corporate overlords at eBay - two years after Stumble founders Garrett Camp and Geoff Smith cashed out and handed their baby over to the ecommerce giant, they've come back with a team of investors and bought StumbleUpon back from eBay. It's pretty exciting.
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News of the buyback comes from MG Siegler at TechCrunch, who has published the press release in full. The company blog post about the move is short but here.
Why is this such a big deal? For three reasons.
StumbleUpon is Back in ...
EBay to unload StumbleUpon, and that might not be all
Betanews —
... According to a statement today from its chief architect and founder, Garrett Camp, the business relationship between content location service StumbleUpon and auction service eBay has ended. ...
StumbleUpon to eBay: So long and thanks for all the hits
Technology: Technology blog | guardian.co.uk —
... But today the companies have announced that co-founders Garrett Camp and Geoff Smith - along with a team of investors - have bought SU back. Meaning, I suppose, that it's a startup again. An official entry on the StumbleUpon blog suggests eBay had a lack of ambition, saying that "our goal is to make StumbleUpon the web's largest recommendation engine and we think this is the best way to get us there". ...
StumbleUpon splits from eBay, is Skype next?
TechSpot —
... but founder Garrett Smith today confirmed the transaction with claims that there were few long-term synergies between the two businesses. Ironically, eBay had originally claimed it acquired StumbleUpon for the synergies between the two companies and similarities in their approaches to the concept of community. The change in ownership will reportedly help StumbleUpon move quickly and stay true to its focus of helping people discover interesting web content all while Digg breathes down its neck with its ...
StumbleUpon Starting Up Again, Goodbye eBay
Search Engine Journal —
... According the Official StumbleUpon blog, the site’s ownership is now back to founder Garrett Camp and co-founder Geoff Smith together with some private investors. ...
EBay: Back To Basics
Forbes.com: Technology News —
... ) auction business is idling, its management is not. Earlier this month eBay sold StumbleUpon , a social recommendation tool for Web content, back to company founders. The company then announced that it would spin off Internet telephony service ...
