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EBay: We Are Not Announcing Any Large U.S. Acquisition

NEW YORK (TheStreet) – EBay said a $6 billion repatriation of the company's foreign earnings doesn't mean the company is about to announce a large U.S. based acquisition. The company did say having that cash parked in the U.S. will help its financial flexibility in growing divisions such as PayPal and could be utilized for deals when an opportunity emerges. "Just to be clear: we are not …

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