eBay announced a number of corporate governance changes that could make itself and its PayPal unit into more attractive takeover targets when they are spun off later this year. In addition, the company announced 2,400 job cuts, or 7 per …
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eBay and wholly-owned subsidiary PayPal will officially split into two independent publicly traded companies in 2015, the company has confirmed. After a review of the company’s growth strategies and structure, the board of directors concluded the split will enable both companies to better position themselves to respond to competitive change.
The Chinese e-commerce giant is to commence its investor roadshow in the USA this week, ahead of one of the most highly anticipated Initial Public Offerings in the history of the New York Stock Exchange.