EBay takes Icahn’s advice to spin off PayPal as payment service sees revenues rocket 19pc September 30, 2014 ONLINE auction site eBay yesterday announced plans to spin off its PayPal business in the second half of 2015, saying that to fail to do so would be “less advantageous to each business strategically and competitively.” The separation will ensure that the independent companies are able to “capitalise on their respective growth opportunities in the rapidly [...]
Ebay shares jump in pre-market trading as it confirms Paypal spin-off and poaches American Express’ Dan Schulman as its new chief exec September 30, 2014 Ebay shares jumped 11 per cent in pre-market trading as it confirmed plans to spin off its online payment company Paypal into a separately listed company sometime in the second half of next year. The auction site said following a strategic review, its board had decided separating the two companies will position them "to capitalise [...]
Ebay share price jumps as online retailer mulls PayPal spinoff August 21, 2014 Ebay is reportedly considering a spinoff of PayPal, its fast-growing online payments division, as early as next year. Shares of the online retailer jumped 4.6 per cent yesterday to $55.89 in New York. Ebay told its potential candidates for the position of PayPal chief executive, a post that former boss David Marcus left in June, [...]
EBay could spin off PayPal August 21, 2014 It could be time for a high-profile breakup in e-commerce: EBay is considering spinning off PayPal, the online payment provider it made famous. The separation could happen as soon as next year, according to news website The Information. It remains unclear whether EBay plans to sell off all or just some of PayPal, and how [...]
Ebay reports rise in revenues despite password leaks July 16, 2014 Ebay revenue rose by 13 per cent in the second quarter, swelling to $4.4bn (£2.57bn), roughly in line with analyst estimates. The US-listed firm’s net income rose by six per cent in the same period, up to $676m. Shares in the online auction house rose by more than one per cent in after-hours trading following [...]
Sotheby’s announces EBay deal: Partnership brings auction houses together July 14, 2014 Auction houses, old and new, are being brought together. Sotheby's has today announced that it will be partnering with EBay to sell the art and collectibles for which it is famous. EBay's platform currently boasts 145m active buyers in 190 countries, and collectibles accounted for $8bn of the site's gross merchandise volume in 2013. While [...]
Argos offers eBay pickup with click and collect partnership July 3, 2014 Buyers of eBay items will be able to collect more of their goods at Argos stores, after the two companies announced yesterday that they would be significantly expanding their click and collect partnership as the service is rolled out across the UK. The deal will see the click and collect service extended to around 650 [...]
We reveal the winner of our EBay lunch bid with Jim Mellon June 16, 2014 The bidding is over. We can now reveal the winner of lunch with hedge-fund star Jim Mellon is none other than Lars Seier Christensen, co-chief and co-founder of Saxo Bank. Christenen managed to secure the lunch yesterday with a winning bid of £4,000. "Well, I like to think of myself as an early [...]
Deal for three? Lunch with Jim goes onto eBay June 5, 2014 THE BIDDING is afoot – multi-millionaire fund manager Jim Mellon is currently being auctioned off on eBay. Well, lunch with him, at least. Mellon is often referred to as the British Warren Buffett and now the Isle of Man-based fund manager has taken the analogy further by offering a power lunch with himself to the highest [...]
Want to go for lunch with star investor Jim Mellon? Head to Ebay June 5, 2014 The bidding is afoot – multi-millionaire fund manager Jim Mellon is currently being auctioned off on Ebay. Well, lunch with him is. Mellon is often referred to as the British Warren Buffett and now the Isle of Man-based fund manager has taken the analogy further by offering a power lunch with himself to the [...]