eBay Confirmed Buy of StumbleUpon

eBay announced today, it’s acquisition of StumbleUpon in a $75million all cash deal. There have been lots of rumors and reports over the past month or so, and I had posted back in April that eBay was going to acquire StumbleUpon, though the speculated price was just shy of $50 million.

TechCrunch writes:

Although you can imagine “StumbleUpon Shopping” coming soon, eBay is leaving the company alone and taking a wait-and-see approach. The corporation will remain completely intact, except for the addition of eBay’s Michael Buhr, who will serve as general manager for the product.

Click here to view this blogs post writings on StumbleUpon.

Technorati Tags: stumbleupon, ebay, acquire, acquisitions, advertising, social media, social networks, social bookmarking

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[...] It appears eBay is going to have it’s hands full figuring out how to beat Google. While I don’t think they will, it will be interesting to see how eBay fairs, since it is relatively new to advertising. Also in very recent news, eBay acquired StumbleUpon. [...]

Wow I didn’t know this had happened. I noticed the Yahoo! purchased MyBlogLog recently and is integrating it into their system.

It looks like eBay is taking a different approach with StumbleUpon and leaving it alone - for now.

thanks for the news