eBay Pays $75 Million for StumbleUpon

According to the press release, the acquisition gives eBay exposure to StumbleUpon’s growing community of over 2 million users. Still seems like an awkward match to us. In recent years, eBay purchased PayPal, but that was a no-brainer, and Skype, which has an obvious commercial aspect.

What new networking site isn’t bound to get picked up by a large company? $75 million is a lot of money and regardless of what eBay plans to do with the site, the previous owners are likely pretty pleased.

Source: Download Squad