eBay Maintains 28.4% Ownership of Craigslist, Loses Board Seat

eBay (EBAY), which owns part of Craigslist, has had a dispute with the company recently, claiming that a rights offering diluted its ownership, and Craiglist claims that eBay stole the company's classified secrets by having a director from eBay on Craigslist's board.

The dispute was settled in Delaware. eBay gets to maintain its 28.4% ownership but loses a board seat.