Paypal Splitting from Ebay

keyser666

PayPal is splitting from EBay and will become a separate and publicly traded company next year. The corporate breakup is expected to be completed in the second half of 2015.

An EBay announcement today said its board decided that the separation was the best path for growth and shareholder value creation for each business. EBay shares jumped more than 10% in pre-market trading.

Dan Schulman, the president of the enterprise growth group at American Express, will be the new president at PayPal, effective immediately. Billionaire activist investor Carl Icahn has urged EBay to split off its payments business. Until now the company said it made sense to keep PayPal and EBay under the same corporate roof.

martindow

Here are some details

http://dealbook.nytimes.com/2014/09/30/ebay-to-spin-off-paypal-adopting-strategy-backed-by-icahn/?_php=true&_type=blogs&_r=0

vacheron

Just came here to post that after seeing it on the eBay homepage.

So they are right back where we started from!

Here is a link to eBay's post.
Love the bullet points section in bold on the Boards Conclusion, never heard such consultant-ese waffle for some time!

http://www.ebayinc.com/in_the_news/story/ebay-paypal-become-independent-companies-2015

aeb_2

PayPal has been planning to go its separate way for some time. A maturing business with other plans

Pierre_De_Grenoble

This says it as it should be said.. CEO sacked is what the headline should read...


http://www.ecommercebytes.com/C/abblog/blog.pl?/pl/2014/9/1412082049.html

charlies_mum

With Donahoe gone, maybe we will see a reversal of some of the new idiotic rules.

soolin

charlies_mum wrote: »

With Donahoe gone, maybe we will see a reversal of some of the new idiotic rules.

Lets hope so!

charlies_mum

Received a mail from the VP eBay marketplaces, Europe which states "you have our commitment to make sure people like you remain at the heart of everything we do"

In that case, please, please start reading discussion boards about everything that is now wrong with ebay, and do something about it before its too late !!

Pierre_De_Grenoble

"Likewise, you can continue to count on everything you expect from eBay today. Innovation, value, trust, selection and global reach will remain central to our business.


"


kinda gives you a warm glow doesn't it....

londondealer

Turns my stomach.

RFW

Well the rumours have been circulating for a while. I wonder if the Ebay/Google rumours had some truth to them?

As far as Ebay goes, if there is no other change, this is bad news. Without the cover of Paypal's accounts and projections, Ebay could look very exposed.