ABC News Could a Merger Follow the PayPal-eBay Split?ABC NewsPayPal's split from long-time partner eBay Inc. makes Carl Icahn mighty happy. But he doesn't think PayPal should stay single for long. Icahn, who months ago called on eBay to spin off the lucrative online and mobile payment service, continues to …
Read More »At Long Last, eBay Sets PayPal Free – Slate Magazine (blog)
Slate Magazine (blog) At Long Last, eBay Sets PayPal FreeSlate Magazine (blog)Today eBay announced that it will spin PayPal off into a separate publicly traded company in 2015. Aside from being a major breakup, the move is a dramatic about-face for a company that, until very recently, had insisted its …
Read More »Ratings Agency No Fan of eBay-PayPal Split
eBay, Inc. (NASDAQ: EBAY) was given high marks by the market this week when the company finally capitulated to the outside pressure by Carl Icahn and others to begin the process of splitting off PayPal … More: continued here
Read More »eBay to spin off PayPal in 2015, CEO John Donahoe stepping down – GeekWire
GeekWire eBay to spin off PayPal in 2015, CEO John Donahoe stepping downGeekWireebayinc_signage Shares of eBay jumped more than six percent on Tuesday as the online retailer and marketplace announced plans to spin off its PayPal payments business in 2015, a plan that was originally proposed by activist investor Carl …
Read More »eBay follows Carl Icahn’s advice, plans PayPal spinoff in 2015 – Sydney Morning Herald
Sydney Morning Herald eBay follows Carl Icahn's advice, plans PayPal spinoff in 2015Sydney Morning HeraldeBay's agreement on Tuesday to spin off PayPal next year will give the unit more flexibility to strike deals in the rapidly evolving payments space as growth at the company's traditional e-commerce business slows. The surprise …
Read More »Ebay offers ultimate ‘Buy It Now’ with plans to spin off PayPal – Financial Times
Ebay offers ultimate 'Buy It Now' with plans to spin off PayPalFinancial TimesThe reversal is also a setback for some of Silicon Valley's best-known figures, who had rallied round eBay's chief executive John Donahoe in recent months denouncing Mr Icahn's campaign. Ebay founder and chairman Pierre Omidyar, PayPal and LinkedIn … …
Read More »EBay agrees to spin off PayPal after pressure from activist investors
In the 1980s, the heyday of the corporate raiders, Carl Icahn made a name for himself as a persistent aggressor. More: continued here
Read More »EBay Does About-Face in Spinoff of PayPal Backed by Icahn – New York Times
New York Times EBay Does About-Face in Spinoff of PayPal Backed by IcahnNew York TimesOnly six months earlier, eBay had rejected Mr. Icahn's call to spin off PayPal, the payment processor, which generated nearly half of the overall company's revenue. At the time, management insisted that keeping the company together …
Read More »EBay’s PayPal plan is first major salvo in payment wars – USA TODAY
EBay's PayPal plan is first major salvo in payment warsUSA TODAYOn the surface, eBay's EBAY plan next year to spin off its fast-growing payments business appears to be a concession to activist investor Carl Icahn and his argument for a leaner company better equipped to compete in the competitive mobile-payments … …
Read More »PayPal broke up with eBay so it could take on Apple – The Verge
The Verge PayPal broke up with eBay so it could take on AppleThe VergeNews broke this morning that PayPal will spin off from eBay into a separate publicly traded company, ending a 12-year union between the online merchant and the payments processor. At the most basic level this creates two …
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