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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: eBay, StumbleUpon part ways AFP - Tuesday, April 14 WASHINGTON (AFP) - - StumbleUpon, an Internet startup bought by eBay Inc. two years ago for 75 million dollars, announced on Monday that it had parted ways with the online auction giant. ADVERTISEMENT "We are grateful to eBay for its guidance," said Garrett Camp, one of the founders of StumbleUpon, which had been an eBay subsidiary. "However, we realized there were few long-term synergies between the two businesses," Camp said in a statement. "It is best for us to part ways and focus on our respective strengths. "This change makes it possible for StumbleUpon to continue to innovate and focus on becoming the Webs largest recommendation service," added Camp, who will serve as chief executive of the company. Terms of the separation were not disclosed. Camp said StumbleUpon had now "returned to the ranks of an investor-backed startup" and had received backing from Sherpalo Ventures, Accel Partners, and August Capital. The statement said StumbleUpon plans to unveil several new products and features in the coming months. Unlike Google and other search engines designed to help people efficiently scour the Internet with specific targets in mind, StumbleUpon's "discovery engine" finds websites that promise to appeal to users' passions. Founded in 2001, it claims more than 7.4 million users. The separation comes as eBay refocuses its activities on its core business of running an online auction house. The New York Times reported on Friday that eBay may be looking to sell its hugely popular Internet telephone service Skype back to its two founders. Niklas Zennstrom, from Sweden, and Janus Friis, from Denmark, founded Skype in 2003 and sold it to eBay two years later for 2.6 billion dollars. They are now seeking to raise one billion dollars from private equity firms to re-claim their brainchild, according to the Times. Skype, which has its headquarters in Luxembourg, bypasses the standard telephone network by channeling calls over the Internet. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines Ebay Skype sale unlikely: reportReuters - Tuesday, April 14 eBay, StumbleUpon part waysAFP - Tuesday, April 14 Twitter fights off computer wormAFP - Tuesday, April 14 Al Gore's Current Media cancels IPOAFP - Tuesday, April 14 Related Articles: Technology US-TECH SummaryReuters - Tuesday, April 14 Ebay Skype sale unlikely: reportReuters - Tuesday, April 14 eBay, StumbleUpon part waysAFP - Tuesday, April 14 Netsuite targets SAP and Oracle: sourceReuters - Tuesday, April 14 Twitter fights off computer wormAFP - Tuesday, April 14 Enlarge Photo StumbleUpon, an Internet startup bought by eBay Inc. two years ago for 75 million dollars, announced on Monday that it had parted ways with the online auction giant. Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed Police nab Norwegian pair during high-speed sex US govt tells GM to prepare for bankruptcy filing Harry Potter actor arrested over cannabis find Mummies found in ancient Egypt burial chamber Swedish church unveils Lego Jesus statue for Easter View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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US-TECH Summary
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