E-commerce site eBay is all set to split from its payments system PayPal and would be emerging as a separate company. This move, which is reportedly expected to be formalized by the second half of 2015, has soared eBay's shares 7% more. This is being seen as a reversal of master plan for this company, which had previously thwarted pressure to split. However, sources say that the boss John Donahoe feels the logic for running the companies in a joint manner has now changed. PayPal's annual revenues are $7.2bn while eBay's revenues are $9.9bn, which is growing at a rate of 10% per year.
photo credit to: http://recode.net/2014/09/30/ebay-to-spin-off-paypal-with-new-ceos-for-two-publicly-traded-companies/
photo credit to: http://recode.net/2014/09/30/ebay-to-spin-off-paypal-with-new-ceos-for-two-publicly-traded-companies/
No comments:
Post a Comment