Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

EBay To Spin Off PayPal

edited September 2014 in Off-Topic
Can't say we did not see this one coming. Ha! Jim Cramer, especially.

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

EBAY up 7.5% on news.

Comments

  • edited September 2014
    Some discussion that Icahn wants consolidation in the payments space and wants Paypal to merge with another player. Question becomes who.

    What I'm really surprised about is that this appears to be a total spin-off. I thought this was going to be an EMC/VMWare situation where Ebay would keep some stake in Paypal.

    Possibly Google could buy Paypal. I don't see it being bought by Mastercard/Visa. Apple, perhaps, although there was a great deal of discussion that Apple would buy Paypal to beef up mobile payments but that never went anywhere and Apple went their own way with Apple Pay.

    The other, outlying idea is that Facebook buys Paypal to get into e-commerce/payments.

    http://www.businessinsider.com/carl-icahn-now-paypal-needs-to-buy-or-merge-with-another-payments-company-2014-9
  • Why not BoA?
  • Because I'll immediately cancel my PayPal account, that's why.:-(
  • Ha! I love you OJ.
  • @Old_Joe. I closed PayPal a few years back. Unfortunately for me , I wasn't the one that opened the account !
    Derf
Sign In or Register to comment.