eBay plans to retain significant stake in Skype after IPO
US based ecommerce giant eBay recently announced that they would launch an IPO of Skype sometime next year.
The company has now said that they aim to retain a significant stake in the VoIP Company after the IPO release.
eBay has also said that if they receive [...]
Skype initial public offering next year
US based online auction company eBay has announced that they are going to separate Skype from their operations.
They are planning to launch an IPO for this unit sometime next year.
eBay said that the timing of the IPO launch would depend upon prevailing market conditions.
eBay CEO John Donahoe spoke about [...]
eBay acquires controlling stake in Gmarket
US based online auction industry giant eBay has announced that they are now acquiring a controlling stake in South Korean online retailer Gmarket.
The deal is worth around $413 million which comes to a premium of 32.5 percent at current market price of the company.
With this, eBay gets to become [...]
Niklas Zennstrom and Janus Friis said to be interested in buying back Skype!
Niklas Zennstrom and Janus Friis founded Skype and sold it to eBay a couple of years ago.
The duo is said to be working on plans to acquire the VoIP Company back from eBay.
Market sources say that they are trying to collaborate with [...]
eBay to ban sale of ivory products on its service
US based online auction service eBay has announced that starting next year sellers would not be able to offer ivory products on its web services.
The company wrote in a blog post that this decision was taken to ensure the protection of African and Asian elephants.
eBay had [...]
eBay to cut workforce by around 10%
Online auction service eBay has announced that they are now trimming their operations by around 10%.
The company is now expected to exceed its third-quarter earnings forecast.
They are also now acquiring the Bill Me Later payments service.
EBay is also acquiring operations of Den Bla Avis and BilBasen classifieds [...]
eBay gets permission to acquire Gmarket
US based online auction service eBay has now received permission from the South Korea government to acquire Gmarket.
Gmarket is the leading online auction and shopping service in the country.
eBay is now authorized to buy a 36 percent stake in Gmarket from Interpark.
Interpark chairman Lee Ki-Hyung spoke about this new development: [...]
Tiffany to appeal ruling in eBay case
Tiffany & Co has confirmed that they would now be appealing the recent court ruling that went in favor of eBay.
The courts said that eBay was not responsible for checking for fake Tiffany jewelry sold on its website.
Tiffany has filed the appeal with the United States Court of Appeals [...]
eBay gets legal relief in Tiffany lawsuit
eBay has managed to prove in court that Tiffany & Co was at fault for not participating in their program that helped the brand owners to prevent fraud on their ecommerce network.
Tiffany had claimed that eBay allowed sellers to offer and sell fake Tiffany products on their network thereby [...]
eBay told to pay fines of 40 million Euros for fake goods sold online
A French court has now ordered the online shopping giant eBay to pay Euro 40 million in damages to luxury goods group LVMH.
eBay was found guilty of allowing sellers on their services to sell fake copies of the company’s products.
LVMH had claimed [...]
