That plan targets revenue of $10 billion to $12 billion by 2011, largely through growth in its PayPal web payments unit and a turnaround in marketplaces. Shares are up 110 percent since early March, and Donahoe told Reuters the company was still focused on carrying out goals identified in March when the company announced a three-year turnaround plan. PAYPAL GROWTHĪ growing number of investors believe eBay has turned a corner in its marketplaces unit, its main business that connects buyers and sellers for goods sold in fixed-price, auction and classified formats. “We’re marching along,” Donahoe said, adding that he still expects the deal to close in mid-November. īackstage after the presentation, Donahoe showed Reuters an excerpt of an email message he received that morning from eBay Chief Financial Officer Bob Swan saying no “show stoppers” were identified in the recent spate of litigation. That consortium includes Netscape founder Marc Andreessen’s Andreessen Horowitz, venture firm Index Ventures, private equity firm Silver Lake and the Canada Pension Plan Investment Board. The investor group named to buy a 65 percent stake in Skype was also sued by Joltid earlier this month.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |