Copyright © 2016
Tag - EBay
Silicon Valley powerhouses are giving opinions on the ongoing Apple-versus-Samsung court battles. In an amicus curae filing, Dell, Ebay, Facebook, Google, and HP are asking the US Federal Circuit Court of Appeals that Samsung turning over full profits of some phones found in violation of Apple patents would set a dangerous trend, and threaten the entire industry with waves of patent-infringement lawsuits which would stifle innovation, and limit choices for consumers.
Digital money transfer providers PayPal and Xoom have announced a definitive agreement under which PayPal will acquire Xoom for $25 per share in cash or an approximate $890 million enterprise value. The transaction represents a premium of 32 percent over Xoom's three-month volume-weighted average price and was unanimously approved by the Boards of Directors of both companies, as well as the Board of eBay, PayPal's parent company (for the time being).
Online auction giant eBay today announced that its board of directors has approved the completion of the previously announced separation of eBay and PayPal into independent publicly traded companies. The separation will occur through a pro rata distribution of all of the stock of eBay's subsidiary PayPal Holdings to eBay stockholders. The stock distribution still awaits necessary regulatory approvals, both in the US and overseas.
Auction site eBay has poached Bora Chung, a woman who until recently worked on global payments technology for Apple's online stores, says SFGate. It's believed that eBay is building up a new payment platform in anticipation of PayPal being spun off into its own firm later this year. Chung has actually worked for PayPal in the past, having once been chief of staff to Dana Stalder (senior VP of global consumer and merchant services) and Dickson Chu (VP of global products and experiences).
A seller on eBay is auctioning what is claimed to be a functioning, 64GB iPhone 6 prototype. The person says that they were accidentally sent the device when renewing their contract with Verizon. The unit is running test software, rather than iOS 8, and lacks FCC markings or even a model number. Another point of interest is the Lightning port, which is surrounded by a red lip not present on finished iPhones.
Auction site eBay and payment service PayPal are splitting apart into two separate companies. A plan has been approved by the eBay board of directors to separate the two into independent publicly traded companies by next year, subject to regulatory approval, with each company set to be presided over by two new chief executives.
Apple appears to have opened another "factory outlet" storefront on eBay, in this case offering unlocked, refurbished GSM iPhone 5 models, notes AppleInsider. The page is similar to one launched last year that was selling products like refurbished iPads. Each phone is said to be officially inspected and include a one-year warranty, as well as a manual and charger.
Auction site eBay has expanded last year's trial of its Click & Collect delivery scheme partnership with Argos across the United Kingdom. The scheme, which initially allowed customers to buy from 50 eBay sellers and pick up orders from 150 London-centric Argos stores, is expected to cover 650 stores around the country by the end of the year, with over 65,000 eBay sellers expected to offer the delivery option.
Both Democrats and Republicans in the US Senate are considering going through with a possible tax "holiday" for repatriated corporate profits, Reuters reports. Senate Minority Leader Mitch McConnell has told reporters that the idea "enjoys a good deal of support" among Republicans; a spokesman for another party Senator, Rand Paul, says that Paul has been talking with Democratic Senate Majority Leader Harry Reid about legislation.
Three states have launched an investigation into Ebay's security measures after the auction site announced a widespread breach in its system last week. The breach, which occurred in late February into early March, saw the personal data of approximately 145 million Ebay users accessed. Connecticut, Florida and Illinois have joined together to take part in the investigation.