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EBay-Craigslist Fight Is About Kijiji and Control, Complaint Shows
Posted by Jeff from Bits.blogs.nytimes
On Jan. 1, 2008, they reorganized the company's stock structure, issuing one "reorganization" share of Craigslist stock for every five shares of common stock. That diluted eBay's stock from 28.04 percent to 24.85 percent and, as specified in Craigslist's bylaws, eBay lost its ability to elect a director.
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Jeff
Member since Sep 2008
Jeff is the founder of NewsCloud. He is also a freelance writer and blogs at Idealog.
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