Tag Archives: ebay

EBay Sets Icahn Opposition, Date For Annual Meeting

EBay (EBAY) announced Tuesday that its 2014 annual shareholders meeting will be held on May 13 and issued a letter calling on its stockholders to reject activist investor Carl Icahn’s proposal to spin off PayPal into a separate company. EBay set the date of its annual meeting in a proxy statement filed with the Securities and Exchange Commission. Analysts had expected eBay to schedule its annual meeting sometime in mid- to late April, as in past

Apple, MCX: Mobile Wallet Friends, Foes Or Frenemies?

Apple’s massive iTunes credit card database will make the tech giant a big mobile payments player as soon as it enters the field. But retailers are already working to forge their own digital wallet power via their MCX consortium. Mobile payments is already a crowded space, with banks, credit card networks, wireless firms and Web giants such as eBay’s (EBAY) PayPal and Google (GOOG) aiming to win over consumers. Apple’s

Google-eBay merger suggested as alternative to PayPal spinoff

Forget breaking up eBay (EBAY) and PayPal. Google (GOOG) should acquire them both in a merger to create an Internet colossus, Baird Equity Research analyst Colin Sebastian suggested Monday. E-commerce website eBay (EBAY) is under pressure from activist investor Carl Icahn to spin off its electronic payment service PayPal. EBay executives have resisted Icahn’s calls for a breakup designed to unlock shareholder value. In a report Monday, Sebastian said a merger of Google (GOOG) and eBay would be a “best of both worlds” opportunity. A Google-eBay combination is a “potentially more attractive option (that) is missing from the discussion.” A merger would unlock value for eBay shareholders and help solve two of Google’s competitive shortcomings: payments and e-commerce, Sebastian said. Google Wallet and Google Checkout are payments and e-com operations, respectively, for Google.