Paul Zacarias Gomes
paulo.gomes@economico.pt
The company’s PayPal electronic payments will become autonomous from the parent eBay in the second half of 2015 and become an independent, publicly listed company.
According to the announcement on Tuesday, the e-commerce company eBay has approved the separation of the two businesses, which will be tax free to shareholders.
The transaction is subject to approval by regulators and the “OK” end of the administration of the parent .
The aim is that, from the second half of next year, the two companies have their own administrations and to quote separately on the stock exchange. After the separation, Devin Wenig will as eBay CEO, while Dan Schulman to lead PayPal.
According to the companies, eBay has 149 million active buyers and a turnover in the last 12 months of 9 9 billion dollars (7.9 billion euros), while PayPal with 152 million active accounts, reported revenue of 7.2 billion (EUR 5.7 billion) in the period of a year.
The two independent platforms should explore the role of “technology leader” in the Paypal online payment, mobile and offline and the relevant position for eBay in international trade, giving rise to two companies with significant scale and focused on innovation.
The future of eBay trigger more than 7.5% to $ 56.7 in pre-trading in New York.
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