Icahn Praises Breakup of eBayNew York TimesFor months, the activist investor called upon eBay to part with the payments processor, believing that giving the business independence would allow it to grow further. And at times, the fight grew bitter, as he clashed with an eBay director, Marc …and more » More: continued here
EBay Inc's (NASDAQ: EBAY ) board approved a plan for a spinoff. This will separate eBay, with revenue of nearly $10 billion, and PayPal, which has more than $7 billion in revenue. Below are some key highlights … More: continued here
Forbes Ebay To Break Up With PayPal, Icahn Pushes For Payments ConsolidationForbesCarl Icahn is getting his way after all. The billionaire's push to force online marketplace eBay eBay to spin off its payments business PayPal ran into a brick wall of resistance earlier this year, but Tuesday morning the company announced it will in …Ebay…
EBay to Spin Off PayPal With New CEOs for Two Publicly Traded CompaniesRe/code (blog)After resisting activist shareholder pressure to do so earlier this year, online commerce giant eBay said today that it plans to separate its eBay e-commerce business from its PayPal payments unit, creating two independent publicly traded companies. More: continued here
EBay (EBAY) Off To A Strong Start In Pre-Market ActivityTheStreet.comeBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. Currently there are 17 analysts that rate eBay a buy, no analysts rate it a …and more » More: continued here
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EBay to spinoff PayPal in 2015Chicago TribuneEBay Inc said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company. EBay Chief Executive John Donahoe had resisted demands by activist investor … More: continued here
EBay, PayPal to split into two separately traded companiesZDNetUnder the terms of the split, eBay CEO John Donahoe will step down as chief executive and join one or both of the boards of the two new companies. Devin Wenig, currently acting as president of the eBay Marketplaces unit, will step up as chief executive. More:…
EBay Inc. is spinning off its PayPal division, heeding demands by activist shareholder Carl Icahn and giving the business independence it can use to contend with rising competition from Apple Inc. and Google Inc. EBay and PayPal will become independent companies in 2015, subject to customary conditions, the San Jose, California-based company said in a…
Stocks to Watch: EBay, Move, FordWall Street Journal (blog)Among the companies with shares expected to actively trade in Tuesday's session are eBay Inc., Move Inc. and Ford Motor Co. eBay said it will separate into two publicly traded companies next year, a victory for activist investor Carl Icahn, who had … More: continued here