Early Tuesday eBay said it will spin off its PayPal electronic-payments division into a separate public company — just as the corporate raider, whose firm owns 2.5 percent of eBay — had urged since January. EBay acquired PayPal, the most successful third-party company to emerge from its auction business, in 2002 for $1.5 billion in stock. [...] EBay has expanded beyond its auctioneer roots into a massive etailer rivaling Amazon, while PayPal has seen the mobile payments category undergo explosive growth — and fierce competition. [...] PayPal is on a faster growth trajectory than its parent. [...] why did eBay put up so much resistance to Icahn’s proposal to cleave the company in two?
Comment on Icahn was right: EBay, PayPal to become separate companies
By Carolyn Said, San Francisco Chronicle: Business
Tue, 09/30/2014 - 10:00am
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more