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Will Google step in with a $60 billion megabid as eBay spins off PayPal?

on Sep 30, 2014 | 0 comments

By Noel Young

In spinning off its PayPal division, Bloomberg said eBay was heeding demands by activist shareholder Carl Icahn and “giving the business independence it can use to contend with rising competition from Apple and Google.”

But last night the speculation was that the split might put the pieces in play – with Google bidding for Pay Pal. One figure mentioned: around $60 billion.

Another possible acquirer: : the flush with cash Alibaba Group which has just pulled off a record U.S. trading debut and is on the hunt for deals, said Read full story ›

Source: The Drum