Ron Burgundy Posted January 24, 2014 Share Posted January 24, 2014 By Phil Wahba and Nadia Damouni NEW YORK (Reuters) - EBay Inc is fighting the proposal by activist investor Carl Icahn to spin off PayPal because it views the payments service as crucial to long-term growth prospects of the e-commerce company. The marketplaces business, eBay's biggest, is growing at a slower rate than both PayPal and eBay rival Amazon.com Inc. PayPal, estimated to be worth as much as $40 billion on its own, helps bolster eBay's share price. PayPal is considered a leader in U.S. mobile payments, which Forrester Research projects will triple in volume to $90 billion by 2017. View the full article Quote Link to comment Share on other sites More sharing options...
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