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 [...]
Icahn pulls out of Ebay battle over PayPal April 10, 2014 ACTIVIST investor Carl Icahn has backed down from his second corporate fight in as many months, with his decision yesterday to cease his crusade for Ebay to spinoff its fast-growing PayPal unit. In February Icahn abandoned his push for Apple to return $50bn (£29.8bn) to investors via a share buyback. Ebay yesterday said Icahn had [...]
Icahn’s plan to break up Ebay falters as board seats blocked March 10, 2014 EBAY has rejected proposals by activist investor Carl Icahn to appoint two of his employees to the online auction giant’s board, arguing that neither of Icahn’s nominees had enough experience. Icahn currently holds a two per cent stake in Ebay and has been pressing the board to accept his nominees and spin off its valuable, [...]
Carl Icahn slams eBay CEO March 10, 2014 In another open letter to eBay stockholders, activist investor Carl Icahn has blasted the company's CEO for actions that he believes have cost the e-commerce giant $4bn (£2.4bn). Icahn alleges that John Donahoe cost eBay $4bn when he sold Skype in 2009, in what he called a "premature sale" at a "diminished price." The investment [...]