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Title    Ebay to Spin Off PayPal
Date    Wednesday October 01 2014, @12:55AM
Author    n1
Topic   
from the finding-new-ways-to-make-you-pay dept.
https://soylentnews.org/article.pl?sid=14/09/30/2026205

AndyTheAbsurd writes:

The New York Times reports:

EBay said on Tuesday that it would spin off its PayPal payments unit into a separate publicly traded company, taking a step the activist hedge fund magnate Carl C. Icahn first demanded nine months ago.

The move will cleave eBay almost in half, separating it from the payments processor it acquired 12 years ago and built into a giant that generates almost half of the company’s revenue.

The spinoff is expected to be completed in the second half of 2015.

Links

  1. "AndyTheAbsurd" - https://soylentnews.org/~AndyTheAbsurd/
  2. "The New York Times reports" - http://dealbook.nytimes.com/2014/09/30/ebay-to-spin-off-paypal-adopting-strategy-backed-by-icahn

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printed from SoylentNews, Ebay to Spin Off PayPal on 2024-03-29 04:34:56