A proposed buyout of eBay Inc's Skype led by private equity, including Warburg Pincus and Kohlberg Kravis Roberts, and the Web telephone company's co-founders is unlikely to be completed, the Wall Street Journal cited sources as saying on its blog on Monday.
The eBay and StumbleUpon union came to an end on Monday after the social networking sites founders bought back the company, two years after being ebay bought them for $75 million.
Ebay shares fell on Monday after analyst downgraded the stock this morning to “sell” from “hold”, due to share loss and gross margin pressure in the current economic downturn.
The founders of Web telephone service Skype, currently owned by eBay Inc, are interested in bidding for the company they sold some four years ago, according to a media report.
Revolution Money, an online payment firm backed by AOL co-founder Steve Case, said on Monday it has received funding of $42 million from a group that includes a Goldman Sachs affiliate and earlier investors Citigroup and Morgan Stanley .
Revolution Money, an online payment firm backed by AOL co-founder Steve Case, said on Monday it has received funding of $42 million from a group that includes a Goldman Sachs affiliate and earlier investors Citigroup and Morgan Stanley .
EBay Inc, fending off worries that its best days are over, hopes to transform itself by galvanizing growth at its PayPal payments system and jump-starting its lagging core business, top executives said on Wednesday.
Online auctioneer, eBay Inc, said Wednesday its long-term growth outlook would boost through its PayPal global online payments system business and its core marketplace business.
EBay Inc, struggling to compete in a crowded and slowing e-commerce market, envisions a remaking the company by galvanizing growth at its nascent PayPal payments system, its top executive said on Wednesday.
EBay Inc, struggling to compete in a crowded and slowing e-commerce market, is remaking the company, starting by accelerating growth at its nascent PayPal payments system, its chief executive said on Wednesday.
EBay Inc. Chief Executive Officer is set to step down from the company after serving for 10 years at the online auctioneer.
A new website wants to pay you $10 for using your likeness for a week to promote a charity of your choice.
PayPal, the payments service arm of online auction leader eBay Inc, is set to release on Tuesday a convenient way for its customers to make payments on Web sites that don't accept PayPal directly.
EBay Inc said on Wednesday it had a strong quarterly performance in auctions, masked by a big net loss due to a write-down, and that its full-year earnings would be at the top end of expectations.The third-quarter net loss of $936 million, or 69 cents per diluted share, compared with a year-ago profit of $281 million, or 20 cents per diluted share. The loss stemmed from a $1.39 billion write-down on eBay's takeover of Internet phone service Skype.
EBay Inc customers who park extra cash in a nearly $1 billion PayPal money market fund are exposed to the same type of assets targeted for an emergency bailout by the largest U.S. banks, regulatory filings show.
Yahoo Inc, is working with auction leader eBay Inc and its PayPal payments unit to block fake e-mails to users purporting to be from eBay and PayPal, hoping to spur on an industry that has been slow to fight the scourge of so-called phishing attacks.
EBay Inc. on Wednesday posted a 50 percent rise in net profit on strength in its core auction and payments businesses, but left its 2007 outlook unchanged, defying Wall Street's hopes for a boost.
Google (NASQ: GOOG) subsidies to promote its Checkout payment service through 2007 could allow the Internet search leader disrupt the ecommerce market, according to one analyst.
EBay's Paypal and Google's Checkout: Which will be the payment platform of choice?
EBay Inc. Chief Executive Officer Meg Whitman on Thursday promised investors that faster growth and market share gains lay ahead, but left the company's near-term outlook unchanged as international sales growth slows and it steps up investments in new businesses.