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
Washington, Sept 30 (ANI): Special-edition stamps featuring Batman will be released at New York Comic Con in November to celebrate the 75th anniversary of the character. 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
Fox Business Ebay to Spin Off PayPalFox 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
CNBC EBay, PayPal to split into separate public companiesCNBCAfter spending much of this year explaining why its two businesses are best left together, eBay's board of directors and CEO did a complete about-face Tuesday morning, announcing a plan under which its PayPal and eBay marketplace businesses will be …EBay to Spin Off PayPal, Adopting Strategy Backed…