business
Thursday, January 22, 2015
After Ebay separates from the payment service Paypal, is now known to be yet another division is to be removed. Parts of the group could be much more easily accepted – possibly by competitors .
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Ebay is becoming even more divided than it already planned. The online retailer announced to consider a sale or IPO, Enterprise. This is specialized in the development and operation of online stores for enterprise customers and was acquired by Ebay four years ago for 2.4 billion US dollars.
It is well known already that the rapidly growing payment service Paypal should be eliminated , So that the individual parts of the US group can be more easily accepted – and obtain better prices at the shareholders’ perspective. The Ebay share prices increased by 3.7 percent in Frankfurt.
As potentially interested apply at the stock exchange Amazon, the Chinese online retailer Alibaba and Google. Even retailers like Wal-Mart have recently invested a lot of money in the expansion of the Internet business and payment processing. EBay CEO John Donahoe, who had long fought against claims by shareholders after a split, said that each region now have the greatest possible flexibility.
2400 Bodies removed
With the bustling major shareholder Carl Icahn, who had penetrated very loud on the Paypal cleavage, Ebay also met a “standstill agreement”. This provides that investors in the payment service get a greater say as soon as it is brought to the market. This will be done in the second half. Icahn stated that there should be a takeover bid, should the shareholders decide -. And not the Board
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In order to reduce costs, will Ebay 2400 points underline – seven percent of the total workforce. The jobs are to be lost in the current quarter. According to analysts, the company may be more attractive to potential buyers. In the short term job losses but lead to special costs. For Ebay estimated 210-240 million in the first quarter and 350 to 400 million in the full year. The Group also presented earnings per share from 68 to 71 cents at and revenue of EUR 4.35 to 4.45 billion for the first quarter of 2015. Analysts had been expected in both cases with more.
During the quarter, the surplus increased by ten percent to 936 million dollars. Profit was again driven by payment service Paypal their online purchases can handle over the Internet users. Revenues rose by nine percent to 4.92 billion dollars.
Source: n-tv.de
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