BUSINESS
September 19, 2011 | Reuters
EBay Inc. is building a new division to woo developers and attract more merchants as the company tries to emulate the success of Apple Inc.'s iOS platform in the e-commerce world. EBay's main business is still its giant online marketplaces, which bring shoppers and sellers together. The company's other big division is the payment business PayPal, and it acquired GSI Commerce this year to add a third division. But a fourth business has emerged in recent months called X.commerce.
BUSINESS
November 25, 2011 | Bloomberg News
Steve Yankovich is engrossed in a televised hockey game between the Chicago Blackhawks and the Vancouver Canucks. Though he's a hockey zealot, he cares less about the score than the attire of Ryan Kesler, a Canuck center. "See his jersey?" the EBay Inc. executive said, pointing to a TV that almost covers a wall of his office. As he talks, the uniform pops up on a tablet computer in front of him, along with vintage sportswear and tickets to upcoming games — all available for purchase.
BUSINESS
September 2, 2009 | David Colker
EBay Inc., long criticized for its high-priced purchase of Internet phone company Skype, is finally getting out of a marriage that was a mismatch from the start. The online auction company said Tuesday that it would sell 65% of Skype to a group of private investors led by Silver Lake in Menlo Park, Calif., for $1.9 billion in cash plus $125 million to be paid later. EBay would retain the remaining 35%. The deal, which is expected to close in the fourth quarter, valued Skype at $2.75 billion -- a good bit less than the $3.13 billion EBay paid in all for its 2005 acquisition.
BUSINESS
September 27, 2011 | By Howard Mintz
With EBay Inc. and Craigslist entrenched in a scorching legal feud last year, a Delaware judge observed that EBay's "curious" decision to partner with the San Francisco online classified ad giant back in 2004 was "an opportunity to learn the 'secret sauce' of Craigslist's success. " Now the question of whether EBay illegally used Craigslist's corporate recipe to establish an online competitor is at the center of a federal grand jury investigation into the San Jose-based auction site, puzzling some experts who wonder why the government is intervening in a civil case between quarreling Internet companies.
CALIFORNIA | LOCAL
June 15, 2010 | By Seema Mehta, Los Angeles Times
While she was the chief executive of EBay, Republican gubernatorial candidate Meg Whitman shoved a subordinate who later received a confidential six-figure settlement, according to a report published by the New York Times on Monday. The incident reportedly occurred in June 2007 at the company's San Jose headquarters, as EBay communications employee Young Mi Kim was helping Whitman prepare for an interview with Reuters. The story was based on interviews with current and former employees at the online auction firm who declined to give their names because the matter was "deemed to be strictly confidential," the paper said.
BUSINESS
March 10, 2012 | By Shan Li
--Bartenders will have something to cheer on St. Patrick's Day, March 17: More than half of Americans plan to celebrate the Irish holiday this year, plunking down an estimated $4.6 billion for their revelries, according to a National Retail Federation survey. The retail group predicts that each person will spend an average of $35. More than 1 in 4 plan to go to a party at a bar and restaurant, about a third plan to stay in and make a special dinner, and 80% of those surveyed say they will acknowledge the holiday by wearing green.