Ebay and PayPal are going it alone in 2015
Posted by: Timothy Weaver on 10/01/2014 05:14 AM
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eBay President and CEO John Donahoe said in a statement: "EBay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets."
Investor Carl Icahn launched a proxy bid to get eBay to spin off PayPal. After a war of words, they settled by appointing David Dorman as an independent director to the eBay board.
EBay purchased PayPal in 2002 for $1.5 billion, and the service is the preferred method of payment on eBay. At this point, there's no plan to change that.
Investor Carl Icahn launched a proxy bid to get eBay to spin off PayPal. After a war of words, they settled by appointing David Dorman as an independent director to the eBay board.
EBay purchased PayPal in 2002 for $1.5 billion, and the service is the preferred method of payment on eBay. At this point, there's no plan to change that.
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