San Jose, Calif. - Online auction giant eBay announced on Wednesday that it has acquired StumbleUpon, a service that lets users discover and share websites and online videos, in a deal valued at $75 million.

Founded in 2001, San Francisco-based StumbleUpon has built a community of 2.3 million users who post five million recommendations daily, and also rate other users' submissions.

"StumbleUpon is a great fit within our goal of pioneering new communities based on commerce and sustained by trust," said eBay senior director Michael Buhr.

"StumbleUpon's downloadable toolbar provides an engaging and unique experience to its users, but it is the similarities in our approaches to the concept of community that make it such a compelling addition to eBay."

Related Links:
http://investor.ebay.com/releasedetail.cfm?ReleaseID=246467

http://www.stumbleupon.com