TC Roundup: ​​eBay to spin off PayPal with new CEOs for two publicly​-​traded companies

TC Roundup: ​​eBay to spin off PayPal with new CEOs for two publicly​-​traded companies

​​EBay to spin off PayPal with new CEOs for two publicly​-​traded companies: After resisting activist shareholder pressure to do so earlier this year, online commerce giant eBay said today that it plans to separate its eBay e-commerce business from its PayPal payments unit, creating two independent publicly traded companies.

After the tax-free spin-off, expected to be completed in the second half of 2015, CEO John Donahoe will step down as the company's top operating executive and join one or both of the boards of the two new companies. He has been at the company for a decade, serving as CEO since 2008​ ​(Re​/​code)​. ​​​​Google searches for right note in online music business​: ​Google Inc is planning new and revamped streaming-music services in coming weeks, searching for a way to stand out in an increasingly crowded field of rivals from Apple Inc and Amazon.com Inc to Spotify.

Nailing music is one way for Google to raise chances of continued success as people spend more time on mobile devices​ ​(Reuters)​.

​​Microsoft to unveil next version of ​Windows​: Microsoft will give the first sneak peek at the next version of Windows, the company's most famous product and a linchpin of its software empire. Top priority for the new Windows: Repair relations with its crucial constituency of corporate technology buyers​ ​(​The ​Wall Street Journal)​.​

Tags
TC Roundup
Share this Post