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eBay-Google deal seen unlikely at Piper Jaffray

Sep. 15, 2014 9:39 AM ETAlphabet Inc. (GOOG) StockGOOG, EBAYBy: Carl Surran, SA News Editor1 Comment
  • Piper Jaffray's Gene Munster views last Friday's reports that Google (GOOG -0.7%) is in talks to buy a stake in eBay (EBAY -0.4%) as largely unsubstantiated and thinks a deal between the two is unlikely despite Google's penchant for making big bets.
  • But the analyst goes on to say that if Google were to buy a stake in eBay, he believes it would specifically target PayPal, particularly given Apple’s unique Apple Pay feature on the iPhone 6.
  • Munster maintains a Neutral rating and $55 price target on eBay shares.

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