Investment Summary

eBay Exits PayPal

On July 20, 2015, invested in financial services company PayPal from eBay

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is transaction in the United States.
  • This is transaction in California.

Investment Summary

Date 2015-07-20
Target PayPal
Sector Financial Services
Sellers(s) eBay
Deal Type Spin Off

Target

PayPal

San Jose, California, United States
Entrance to PayPal's corporate headquarters in San Jose, California.
Entrance to PayPal's corporate headquarters in San Jose, California.
PayPal enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. The Company's network builds on the existing financial infrastructure of bank accounts and credit cards to create a global payment system and delivers a product well suited for small businesses, online merchants, individuals and others underserved by traditional payment mechanisms. PayPal was founded in 1998 and is based in San Jose, California.

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Seller(S) 1

SELLER

eBay

San Jose, California, United States

Category Company
Founded 1995
Sector Internet Software and Services
Employees11,500
Revenue 10.3B USD (2024)
DESCRIPTION
Entrance to eBay's corporate headquarters in San Jose, California.
Entrance to eBay's corporate headquarters in San Jose, California.

eBay is an online retailer and provider of auction tools and services. eBay enables global commerce and payments on behalf of users, merchants, retailers and brands of all sizes. The technologies and services eBay provides are designed to enable users and merchants worldwide to organize and offer their inventory for sale and buyers to find, buy and pay for it virtually anytime and anywhere. eBay was founded in 1995 and is based in San Jose, California.


DEAL STATS #
Overall 8 of 15
Sector: Financial Services M&A 1 of 1
Type: Spin Off M&A Deals 1 of 1
State: California M&A 4 of 6
Country: United States M&A 6 of 8
Year: 2015 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 Magento

Campbell, California, United States

Magento, Inc. is a provider of cloud commerce innovation to merchants and brands across B2C and B2B industries. Magento, Inc. was founded in 1985 and is based in Campbell, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Cargigi

Irvine, California, United States

Cargigi, Inc. is a provider of advertising and marketing services on the Internet’s most popular free classified websites for the auto industry.

Buy -