21 January 2018
visit www.ebaday.com

ECB gives green light to eBay-PayPal split

13 July 2015  |  2378 views  |  0 Source: eBay

Earlier today, we learned that the European Central Bank (ECB) has officially approved the eBay-PayPal separation – the final approval we needed to complete our plan to create two dynamic, standalone public companies.

The separation is on track to be completed on Friday, July 17 at 11:59 pm EST and PayPal’s stock will officially begin ‘regular way’ trading on the NASDAQ on Monday, July 20, 2015.

eBay and PayPal are two great businesses with extremely bright futures. As independent companies, their sharper focus and increased flexibility will improve their ability to pursue their respective market opportunities and strategic priorities. I am confident that eBay’s new CEO, Devin Wenig and PayPal’s new CEO, Dan Schulman-- and their respective management teams -- have the right strategies and operating structures in place to enable eBay and PayPal to deliver lasting shareholder value and unsurpassed user experiences for their customers around the world.

I want to thank the millions of customers who rely on eBay and PayPal every day, as well as our talented teams of employees for making the separation possible and giving eBay and PayPal two clear paths to success. I am proud of all that we have accomplished and am excited for the significant opportunities that lie ahead for both eBay and PayPal – their best is yet to come.  

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
12668 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8043 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
7902 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
6988 views 1 | 6 tweets | 2 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job