eBay mulls PayPal payment service spin off: reportAugust 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 | About 32,000 rally in Yerevan to deman Pashinyan’s resignation About 31,700 people attended an opposition rally on Thursday, May 9 in Yerevan demanding the resignation of Prime Minister Nikol Pashinyan. Armenian, Azerbaijani Foreign Minister to meet in Almaty Armenian Foreign Minister Ararat Mirzoyan and his Azerbaijani counterpart Jeyhun Bayramov will meet in Almaty. Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. |