The online auction site Ebay splits its online payment service Paypal and brings him separately on the stock exchange. The companies had denied this measure long. Now it should be 2015 so far.
The online auction site Ebay splits from his rapidly growing payment service PayPal. PayPal will floated as a separate company in the second half of 2015, the American online retailer said on Tuesday. The Group’s management has come to the conclusion that Ebay and PayPal are each alone in a better position, said chief executive John Donahoe. On the financial market, the message was well received: eBay shares rose in premarket U.S. trading at eleven percent
Investor Icahn triumphs
The IPO is a victory for the influential investor Carl Icahn.. He and other investors have long been of the view that PayPal could grow even more independent.
The surprising decision of Ebay was a month-long dispute headed. In the spring of ebay had rejected the suggestion and initially prevailed against Icahn. The well-known for its aggressive financial management shareholder had not only withdrawn in April its call PayPal to split off from the group, but also to bring two confidante to the Board. Icahn buys usually relatively small shares of companies and then provides loudly demands to management. He had also applied with Apple and Dell and last gechasst the CEO of the American car rental company Hertz.
No guide jobs Ebay bosses
Now to the two previous bosses John Donahoe and Bob Swan but carry out the separation of Ebay and Paypal. A leadership role in one of the two new companies it will not take, however, but on the Supervisory Board, it says in the statement.
PayPal, with around 140 million active users (as of end 2013) is considered as a support of eBay. About the payment service, customers can manage their online purchases. The company was founded in the late 1990s and went in 2002 to the stock market. Shortly after eBay bought the service for $ 1.5 billion.
In the second quarter of eBay increased thanks PayPal sales by 13 percent to $ 4.37 billion. eBay even got to feel the reluctance of customers, however, after a big hacker attack on the company’s data.
The investments of Carl Icahn
‘+’ ‘+’
No comments:
Post a Comment