eBay Update: Baupost Entry, Spin-Off Rumors, And Amazon Competition
John Ford • Yesterday, 1:59 PM
- Seth Klarman's Baupost Group, a strictly value-oriented firm, revealed a new position in eBay in its 13-F filing.
- The Information reports that two PayPal CEO candidates informed them that the CEO pitch includes the eventuality of a spin-off, maybe as early as 2015.
- Amazon's move into the unprofitable, niche card-reader business presents no competitive threat to PayPal's core business.