Wall Street Journal EBay to Spin Off PayPal BusinessWall Street Journal"For more than a decade, eBay and PayPal have mutually benefited from being part of one company, creating substantial shareholder value," eBay CEO John Donahoe said. "However, a thorough strategic review with our board shows that keeping eBay and …Ebay to spin off PayPal into separate…
EBay is splitting off its fastest growing segment, payment service PayPal, the e-commerce company said Tuesday. Investors applauded the news, sending eBay's shares up nearly 7 percent in morning trading. … More: continued here
By Supantha Mukherjee (Reuters) – EBay Inc 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 shares rose as much as 8 percent after the company said it would spin…
EBay is breaking away from PayPal, turning its payments operation into a separate, publicly traded company. “ebay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets,” eBay CEO John Donahoe said in a statement on the move, announced early Tuesday morning. “As independent companies,…
BABA Stock – Should Alibaba Buy eBay?Investorplace.comOn Tuesday, investors learned that eBay will finally spin off PayPal, its mobile payment arm, sometime in 2015. The split will separate the legacy auction and e-commerce company from the fast-moving PayPal segment. Without the attractive mobile …and more » More: continued here
News & Observer PayPal goes mobile, to split from eBay in 2015News & ObserverFILE – In this Wednesday, Feb. 27, 2013, file photo, attendees walk in front of an EBay and PayPal display area at the Mobile World Congress, the world's largest mobile phone trade show, in Barcelona, Spain. PayPal is splitting from EBay Inc….
EBay's about-face to split its PayPal and marketplace businesses likely makes each of them acquistion targets, analysts tell CNBC. More: continued here
eBay (EBAY) shares are higher after the company announced it will split with PayPal sometime next year. After the split the two will trade as entirely separate companies, bringing to fruition a plan very much like the one laid out by shareholder activist Carl Icahn 9 months ago. More: continued here
New York (AFP) – US online auction giant eBay announced plans Tuesday to spin off PayPal, a move designed to help the unit compete better in the fast-moving online payments segment. More: continued here
Wall Street Journal EBay Reverses Course, Decides to Spin Off PayPalWall Street Journal"For more than a decade, eBay and PayPal have mutually benefited from being part of one company, creating substantial shareholder value," eBay Chief Executive John Donahoe said. "However, a thorough strategic review with our board shows that keeping …Ebay To Break Up With PayPal,…