eBay and StumbleUpon have resumed talks for an acquisition once again. I wrote about this potential deal earlier and underestimated the dollar amount involved.
Before I believed that the amount was to be at $40-$45 million, but the Wall Street Journal reported that the amount is expected to be closer to $75 million.
The deal has not been officially confirmed yet. Everything is just speculation as of right now.
StumbleUpon started up in 2001 in Calgary, Canada and has a toolbar that allows users to find relevant content based on interests and web surfing habits.
StumbleUpon was founded by three people and was funded by Ram Shriram and Mitch Kapor.
StumbleUpon also acts as a social network that suggests friends. On April 19, StumbleUpon unleashed a feature called StumbleThru that enables users to find recommended content from popular websites like as Wikipedia, Flickr, and MySpace. The StumbleThru feature was announced on the StumbleUpon blog.
StumbleUpon announced that they crossed 2 million users in March. And TechCrunch broke the acquisition possibility earlier this year.
