Re/code (blog) What the eBay Split Means for PayPalRe/code (blog)One big concern before eBay's decision to spin off PayPal was that eBay wouldn't be able to find a top replacement for former PayPal President David Marcus, without a guarantee of eventual independence for the company. The company today announced … More: continued here
EBay 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 Carl Icahn to hive off the service, saying PayPal was integral to eBay's business –…
The move, which Carl C. Icahn had called for, will cleave eBay almost in half, separating it from PayPal, which it acquired 12 years ago and now generates almost half eBay’s revenue. More: continued here
PayPal is splitting from eBay and will become a separate and publicly traded company next year. Almost a year after billionaire Carl Icahn opened a proxy fight pushing for the spinoff of PayPal, eBay President … More: continued here
Move comes after activist Carl Icahn had pushed for a similar plan for the online marketplace. More: continued here
EBay to Spin Off PayPal, Adopting Strategy Backed by IcahnNew York TimesPayPal was a central 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 … More:…
Fox Business EBay to Spin Off PayPal in 2015Fox Business"A thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively," eBay Chief Executive John Donahoe said in a statement. More: continued here
CBS News eBay to split off PayPal into separate companyCBS NewseBay to split off PayPal into separate company. The logo of online retailer eBay stands at the CeBIT technology trade fair on March 1, 2011, in Hanover, Germany. Sean Gallup/Getty Images. Shares. Tweets; Stumble. Email; More +. SAN JOSE, Calif. – EBay … More: continued here
eBay (EBAY) to Spin PayPal into Separate, Publicly-Traded CompanyStreetInsider.com (subscription)eBay (NASDAQ: EBAY) said its Board of Directors, following a strategic review of the company's growth strategies and structure, has approved a plan to separate the company's eBay and PayPal businesses into independent publicly traded companies in … More: continued here
Flickr / Kārlis Dambrāns Ebay will spin off PayPal into its own business starting next year. PayPal, the online payments juggernaut, is seen as the real crown jewel of the Ebay business. And investors have been clamoring for a way to unlock PayPal’s value. The activist investor Carl Icahn, in particular, has been a big…