A Delaware Chancery Court judge has ruled in favor of eBay in a shareholder suit against Craigslist and majority shareholders Jim Buckmaster and Craig Newmark.
The ruling rescinds a measure adopted by Craigslist’s board that would have blocked a potential hostile takeover by San Jose, Calif.-based eBay Inc. But in a split ruling, the decision also left in place Craigslist’s staggered board provisions, which were passed in an effort to remove eBay’s board seat.
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