EBay will spin off PayPal, giving in to Carl IcahnLos Angeles TimesOnline marketplace EBay Inc. is bowing to investor pressure by spinning off its payment business PayPal into a separate publicly-traded company by 2015. Wall Street cheered the news Tuesday and pushed up shares of EBay by 6.8% to $56.24 in morning … More: continued here
Forbes The Crocodile And The Shark: Could Alibaba Swallow eBay?ForbesOn Tuesday, eBay eBay announced that it would spin off its PayPal subsidiary by next year, splitting its marketplace from its lucrative payments arm to better realize different core businesses. While the separation puts an end to months of speculation …Without PayPal, eBay could become Alibaba's…
New York Times EBay Does About-Face in Decision to Spin Off PayPalNew 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 made more sense.EBay spinning off PayPal…
New York Times EBay spinning off PayPal as separate companyCNNMoneyDevin Wenig, currently president of eBay Marketplaces, will become CEO of the new eBay. The company also announced the appointment of Dan Schulman, an executive of American Express (AXP), to be the president of the PayPal unit until the split, and to …EBay Does About-Face in Decision…
ABC News EBay to Split off Lucrative PayPal BusinessABC NewsThe move comes after months of pressure from activist investor and billionaire Carl Icahn, who has a 2.5 percent state in eBay, according to FactSet. EBay CEO John Donahoe had been adamant that splitting off PayPal was the wrong move for the company. More: continued here
eBay to Spin Off PayPalTIMEEBay has unveiled a plan to separate the company's namesake company and its PayPal business, creating two independent publicly-traded companies next year — a separation that activist investor Carl Icahn called for earlier this year. The move, which is … More: continued here
SAN FRANCISCO (TheStreet) – eBay ainvestors heavily bid up the stock, after the company announced it would spin off its payment processing arm PayPal. In addition, the online auction giant also announced its embattled CEO John Donahoe would step down once the spin off is completed, which is expected to occur in the second half…
New York Times EBay to Spin Off PayPal, Adopting Icahn's StrategyNew York TimesPayPal was the focus of a lengthy battle between eBay and Mr. Icahn, who demanded a spinoff of the unit as a way to generate value for shareholders. Such a move, the hedge fund billionaire contended, would highlight PayPal's own strengths while letting…
Reuters EBay follows Icahn's advice, plans PayPal spinoff in 2015Reuters(Reuters) – EBay Inc (EBAY.O) plans next year to spin off PayPal, its fast-growing payments business, giving in to activist investor Carl Icahn's argument for a leaner company better equipped to compete in the competitive mobile payments market. EBay's … More: continued here
eBay And PayPal To Split Into Two Separate CompaniesTechCrunch (blog)eBay and PayPal are going their separate ways, with the payments company moving out from under the eBay umbrella to form its own, publicly-traded company. The move follows a strategic review conducted by eBay, Inc. and its Board of Directors, and is … More: continued here