PayPal has acquired Xoom Inc., a money-transfer service provider with a footprint in China and Spanish- and Portuguese-speaking countries, for about $890 million, or $25 a share for the publicly traded company (Nasdaq:XOOM).
Interesting timing, given that EBay and PayPal are splitting later this month into two companies.
The transaction is 32 percent over Xoom's three-mon
Gulfem Toygar (LinkedIn), general manager of EBay Turkey (and Gittigidiyor.com) since January 2014, has been named to head EBay Germany. EBay bought Gittigidiyor.com in 2011 for $217.5 million U.S..
Toygar grew Gittigidiyor.com 60 percent during her first year with the company.
Oget Kantarci, sales director o
EBay-owned Gumtree in South Africa added the ability to track telephone leads to its existing automotive dashboard, to help dealerships evaluate the effectiveness of their ads.
“We know anecdotally that the vast majority of leads that dealerships receive are telephonic – particularly serious buyers – but dealerships have no idea where these leads are comi
Schibsted today announced the acquisition of Anumex, a Mexican classifieds website. The acquisition is expected to strengthen the
It's almost common sense to say that EBay sees Latin America as a big win, as many retail companies such as Alibaba's Aliexpress have
Nice article in Internet Retailer featuring EBay’s Devin Wenig, who’ll be EBay’s CEO as soon as the PayPal spinoff is complete. In it, Wenig acknowledges his challenges to redefine EBay after PayPal.
“EBay has to stand for something unique in the world,” Wenig told the magazine
Marcus Galperin, the founder and CEO of MercadoLibre (Nasdaq: MELI), says revenues at the Latin American e-commerce and classifieds site are “minuscule” compared to what they can grow into during the next 20 years.
In a wide-ranging interview with the Financial Times, Galperin talked about the opportunities for growth at the company, which has a market cap of about $6 billion. (
Gumtree South Africa, part of the EBay Classifieds Group, launched a used mobile phone price-checker that collects data from the site to demonstrate how much different brands and models of used mobile phones are sold for.
The tool enables users to not only sell their old phones, but also to determine which phones consumers can a
EBay readies for its split from PayPal by hiring three key executives, from Home Depot, Agilent Technologies, and New York Stock Exchange.
Here's the announcement:
eBay Names Three Executives to Key Leadership Positions