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eBay Inc. (NASDAQ:EBAY), refocusing itself on its core market of e-commerce, received approval from South Korean antitrust regulators to acquire online retailer Gmarket Inc. (NASDAQ:GMKT) for about $1.2 billion, which it will combine with its existing South Korean marketplace business, Internet Auction Co.In an FTC statement (flagged by TradingMarkets.com),...
Posted on April 23, 2009 12:03 PM
A New York Times report says Niklas Zennstrom and Janus Friis, founders of Internet telephony Skype Technologies SA, are looking to buy the company back from eBay Inc. (Nasdaq:EBAY) for about $2 billion. eBay wouldn't confirm the report but one thing is for sure, it's looking for buyers and...
Posted on April 13, 2009 12:50 PM
eBay Inc. (NASDAQ:EBAY) has good reason to be unhappy with its 2005 acquisition of internet telephony provider Skype. But according to a report in BusinessWeek, the online auctioneer has plenty of reason to be pleased with its 2002 acquisition of online payments service PayPal -- and plans to explain them,...
Posted on March 9, 2009 1:24 PM
To create a more agile company, eBay Inc. plans to reduce its global workforce by about 10%, affecting around 1,000 employees in addition to several hundred temporary workers. It's also continuing to expand beyond its core auction site. Looking for more profitable endeavors, eBay acquired Denmark's leading online classifieds...
Posted on October 6, 2008 12:34 PM
Acquisitions have long been important to eBay Inc. And with $7.6 billion in revenue last year but slowing growth in its core auction business, the company will continue to emphasize them. Right in the center of that effort is Lorraine McDonough, vice president of corporate development, who led the $1.5...
Posted on February 19, 2008 3:08 PM
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Juergen Lasowski
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