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Last updated on April 24, 2014 at 16:36 EDT

Latest John Donahoe Stories

2014-03-12 12:34:19

NEW YORK, March 12, 2014 /PRNewswire/ -- Today Carl C. Icahn released the following open letter to stockholders of eBay Inc.: I believe that the Skype affair, only some of the sordid details of which we recently exposed, represents a complete and utter breakdown in the system of checks and balances that a properly functioning board should provide. Without a strong and independent board that rejects cronyism and is willing to hold management accountable, I believe that eBay...

2014-03-06 08:36:47

NEW YORK, March 6, 2014 /PRNewswire/ -- Today Carl C. Icahn released the following open letter to stockholders of eBay Inc.: We are strongly encouraged by the results published yesterday of an investor survey conducted by Bernstein Research regarding our campaign to prove to eBay's board of directors that stockholders are in favor of separating PayPal from the company.(1) A majority of eBay owners responding to the survey said they believe that the composition of the board should change. 55%...

2014-02-24 12:30:17

NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Today Carl C. Icahn released the following open letter to stockholders of eBay Inc. Dear Fellow eBay Stockholders, We have recently accumulated a significant position in eBay's common stock because we believe there is great long-term value in the business. However, after diligently researching this company we have discovered multiple lapses in corporate governance. These include certain material conflicts of interest, which we believe could...

EBay To Build Nation's Largest Alternative Energy Fuel Cell Data Center
2012-06-22 10:07:00

EBay announced on Thursday that it plans to build a large renewable data center in Utah that will be powered by alternative energy fuel cells. Once completed, the six-Megawatt facility in South Jordan, Utah, will be the country´s largest non-utility fuel cell installation powered by renewable energy. The new facility expands the company´s existing Utah data center, and is expected to be operational some time in 2013. “We believe the future of commerce can be...

PayPal Guru Thompson To Take Over As New Yahoo CEO
2012-01-04 14:35:14

Veteran web giant Yahoo announced today that PayPal President Scott Thompson will be taking over as the company´s chief executive. In light of Yahoo´s struggle in recent years to remain a key player in the Internet world, many shareholders and company insiders are hoping that Mr. Thompson will do for their company what he did for eBay Inc´s payment branch. Mr. Thompson will be joining the Yahoo team some five months after its last controversial CEO Carol Bartz was let go,...

2010-07-29 12:52:00

WASHINGTON, July 29 /PRNewswire-USNewswire/ -- Tod Cohen, Vice President for Government Relations and Deputy General Counsel at eBay Inc., made the following statement today upon the introduction of H.Res. 1570 by Congressman Paul Hodes (D-NH). "We applaud Congressman Hodes for his commitment to protecting the hundreds of thousands of small online retailers and entrepreneurs that have provided consumers access to greater choice and quality goods. This resolution is just part of the...

2010-07-02 11:17:00

WASHINGTON, July 2 /PRNewswire-FirstCall/ -- Tod Cohen, Vice President for Government Relations and Deputy General Counsel at eBay Inc., made the following statement upon the introduction of legislation to expand sales tax collection on the Internet, H.R. 5660 by Congressman Bill Delahunt (D-MA). "Year after year supporters of increased Internet sales taxes recommend legislation that would impose significant new costs on hundreds of thousands of online small businesses and ecommerce...

2009-09-01 08:55:00

MENLO PARK, Calif., Sept. 1 /PRNewswire/ -- Skype Technologies S.A. and an investor group led by Silver Lake announced today that they have signed a definitive agreement in which the investor group will purchase a 65 percent interest in Skype Technologies from eBay (Nasdaq: EBAY) for approximately $1.9 billion in cash, in a transaction valuing Skype Technologies at $2.75 billion. eBay will retain the remaining 35 percent equity interest in Skype. Skype Technologies is the manufacturer...

2009-09-01 11:17:54

U.S. Internet auction house eBay Inc. says it has agreed to sell about two-thirds of the online phone service Skype Internet for $1.9 billion. EBay said it would retain 35 percent of Skype, selling the rest to the investment group Silver Lake in a deal that values Skype at $2.75 billion. EBay purchased Skype for $3.1 billion in a bidding war with Google and Yahoo! in 2005, The New York Times reported Tuesday. In a statement, eBay said Silver Lake, which includes Index Ventures, Andreessen...

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2009-09-01 10:30:00

Online auction company eBay is reportedly planning to sell off its Web phone company Skype for $1.9 billion. A group of investors, including Silver Lake, Index Ventures, the Canada Pension Plan, as well as Andreessen Horowitz  - a venture capital firm run by Netscape co-founder Marc Andreessen - have shown initial interest. According to the New York Times, eBay is seeking about $2 billion for Skype. The communications company could earn more than $600 million in revenue this year. The...