PayPal starts trading above $40 and it’s already worth billions more than eBay
PayPal started trading on the Nasdaq this morning at $40.65 per share. As an independently traded company, Paypal is already valued at roughly $50 billion. Compare that with eBay’s market cap of about More...
ebay is leaving enterprise behind
eBay officially announced that it would be selling its enterprise business to a consortium of buyers led by private equity firm Permira in a $925 million deal. According to analysts, the sell-off is likely More...
Thomas H. Lee in talks to purchase eBay’s enterprise unit for $1 Billion – Report
Reuters says that the private equity firm Thomas H. Lee Partners is the frontrunner in talks to purchase eBay’s enterprise unit, formerly known as GSI Commerce. The proposed price tag is reportedly around More...
PayPal on hunt for takeovers after eBay split
On July 1st PayPal, Inc. and Xoom Corporation (NASDAQ:XOOM), a digital money transfer provider, announced a definitive agreement under which PayPal will acquire Xoom for $25 per share in cash or More...
EBay CEO Comes To Google’s Defense in EU Anti-Trust Case
Google has gotten the support of an unlikely ally in its defense against anti-trust charges by the European Union: EBay. That company’s chief executive, John Donahoe, made comments to the Financial Times More...
Larry Robbins Says Ebay, Paypal Split-Up Like Getting Lucky After A Divorce
– Larry Robbins of Glenview Capital Management thinks it’s great news that Ebay is spinning off Paypal, according to ValueWalk. eBay can manage quite well with its core business and $15 More...