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PayPal gets to expand (eBay's competitors have avoided using PayPal because of its parent), and eBay gets a one-time mega-paycheck it can use to pivot, acquire
by inanutshellus 11y ago
PayPal gets to expand (eBay's competitors have avoided using PayPal because of its parent), and eBay gets a one-time mega-paycheck it can use to pivot, acquire other companies, marketing-blitz, or otherwise rejuvenate the brand. Sounds like a good plan to me.
- parenthesis 11y agoEbay is just giving Paypal shares to its shareholders—it isn't selling Paypal. It is, however, sending Paypal off with a big wad of cash.