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eBay to split off PayPal online payment business...

Discussion in 'Ebay' started by K.H.R, Oct 1, 2014.

  1. K.H.R

    K.H.R Jr. VIP Jr. VIP Premium Member

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  2. Trepanated

    Trepanated Supreme Member

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    It took them far too long to see sense - their stock jumped a lot when the news came out.

    My prediction is that Paypal will end up being a far bigger business than Ebay.

    I do think there's a chance Google will be circling Paypal now - it would be a great strategic acquisition for them.
     
  3. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    got the email yesterday from ebay, it will be a fairly long process
    not sure about the effects, they will keep co-operating closely just being 2 separate companies instead of 1, so maybe an average user won't even experience much of a difference

    "eBay Community:

    This week, eBay Inc. announced it will create two independent public companies ? eBay and PayPal ? in the second half of 2015. This will ensure each business is best able to serve its customers? needs and thrive well into the future. You can read more about it here at http://www.ebayinc.com/.

    The creation of independent eBay and PayPal businesses will take up to 12 months to complete so this has no immediate impact on your account. 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. We will continue to work closely with PayPal to ensure payments remain a seamless part of the eBay experience.

    As an active customer, you help make eBay what it is. eBay has always been more than a shop. It is a community of people ? buyers and sellers ? connecting around the world. Thank you for being part of this amazing community. As we begin this next chapter of the eBay story, you have our commitment to make sure people like you remain at the heart of everything we do.

    We are excited by the opportunity ahead and look forward to working with you in the future.

    Best regards,

    Paul Todd
    Senior Vice President eBay Marketplaces Europe"