EBay Inc News

PayPal, which separated from eBay Inc last month, is a formidable player in the fast-growing payments industry, which has attracted new entrants like Apple Inc.

E-commerce company eBay Inc said it was selling its enterprise business to a consortium led by private equity firm Permira for $925 million, as it streamlines its operations ahead of the separation from PayPal Holdings Inc .

EBay Inc Chief Executive John Donahoe has added weight to Google Inc`s defence in an antitrust case, saying the two companies are direct competitors in online shopping, a newspaper reported.

E-commerce company eBay Inc reported a higher-than-expected quarterly profit as revenue surged from its payments business that includes PayPal, which the company said would be spun off in the third quarter.

Online retailer eBay Inc is mulling over a plan to cut thousands of jobs early next year, as it readies to spin off its PayPal unit, the Wall Street Journal reported.

Alibaba Group Holding Ltd is open to working with eBay Inc`s PayPal to expand its payment options, Bloomberg reported, citing an interview with the Chinese e-commerce company`s vice chairman.

EBay Inc cut its 2014 revenue forecast to less than $18 billion on Wednesday and issued a lower-than-expected outlook for the critical holiday-dominated fourth quarter, sending shares down more than 3 percent in after-hours trading.

More than 80 environmental, labor and civic groups on Tuesday urged eBay Inc to end its association with the political group the American Legislative Exchange Council (ALEC), weeks after Google Inc abruptly left ALEC over its views on climate change.

EBay Inc`s Chief Technical Officer Mark Carges has resigned to focus on "a family matter," the online retailer said on Thursday without naming a replacement.