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Windows 10 Revealed; eBay, PayPal Break Up; Cheaper Pebble Watches

2014-10-01 17:37:15| PC Magazine MP3 Player Product Guide

From Microsoft's Windows 10 reveal to cheaper Pebble smartwatches, here's what you missed on Tuesday.

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Windows 10 Revealed; eBay, PayPal Break Up; Cheaper Pebble Watches

2014-10-01 17:37:10| PC Magazine Cell Phones Product Guide

From Microsoft's Windows 10 reveal to cheaper Pebble smartwatches, here's what you missed on Tuesday.

Tags: windows ebay break watches

 
 

eBay, PayPal to Separate in 2015

2014-09-30 22:39:08| PC Magazine Software Product Guide

EBay concluded that the two companies can get more things accomplished separately than together.

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EBay, PayPal to become standalone companies

2014-09-30 15:19:00| Telecompaper Headlines

(Telecompaper) EBay plans to separate its eBay and PayPal businesses into two independent publicly traded companies. The company said it hopes to achieve the move in the first half of next year, subject to customer conditions. EBay CEO John Donahoe and CFO Bob Swan will be responsible for leading the separation of each business, with board oversight. This will include deciding on appropriate management and capital structures for the businesses. Neither will however an executive management role in the new eBay and PayPal companies, although they will serve on the boards of the two companies. David Wenig, currently the president of eBay Marketplaces, will become CEO of the new eBay company. Dan Schulman, an executive at American Express, will join PayPal immediately as president and CEO designee for PayPal post-separation. The announcement follows a strategic review of eBay's growth strategies and structure. The review concluded that creating two standalone businesses will enable both to capitalise on their respective growth opportunities and create sustainable shareholder value.

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Ebay rejects Icahn proposal for PayPal spin-off

2014-01-23 09:24:00| Telecompaper Headlines

(Telecompaper) Activist investor Carl Icahn has taken a 0.82 percent stake in eBay and proposed the company spin off its PayPal business. Icahn also proposed two of his employees to Ebay's board of directors. Ebay said it would consider the board nominations, but rejected the proposal to spin off PayPal. The company said its board had already explored a spin-off or separation of PayPal in detail, but concluded a break-up of the group was not the best strategy. As part of the group, PayPal is able to leverage the company's technology capabilities, commerce platforms and relationships with retailers, brands and large merchants worldwide, eBay said. "Payment is part of commerce, and as part of eBay, PayPal drives commerce innovation in payments at global scale," the company added.

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