eBay mulls PayPal payment service spin off: report August 22, 2014 - 12:59 AMT PanARMENIAN.Net - eBay could spin off its payment service PayPal next year. As Digital Spy reported citing The Information, the online retailer has been warning candidates for PayPal's CEO vacancy about the potential move. Activist investor Carl Icahn has apparently been pushing for eBay and PayPal to split for sometime. Conversely, eBay CEO John Donahoe believes the two businesses are integral to each other. Icahn is said to have backed off the idea of late, claiming it's not the right time for the two to be divided. However, other investors have reportedly warmed to a separate PayPal unit, hoping that it can attract online retailers who may be hesitant of its current closeness to eBay. "The board will continue to assess all alternatives to create that long-term value and to enhance the growth and competitive positions of both eBay and PayPal. This position has not changed," eBay spokeswoman Amanda Miller said. The previous CEO of PayPal David Marcus parted in June to join Facebook. Related links:   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Armenia, Russia discuss life extension of Metsamor nuclear plant  Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan.Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |
