PayPal: Absolutely No Plans To Go IPO

Comments Off on PayPal: Absolutely No Plans To Go IPO

PayPal president Scott Thompson is happy to be part of eBay!

At the PayPal X conference in San Francisco, PayPal president Scott Thompson confirmed once more that the San Jose, Calif.-based company has no plans to go IPO anytime soon. “We’re happy to be part of eBay, and I don’t believe that it’s likely to change anytime soon!”

More on eBay-PayPal synergies:

“We have nothing on that front to announce. And in fact, as we’ve said in other occasions, nobody that I know of inside of eBay or PayPal is working in any such strategy… There’s a long long runway of synergies left for these 2 businesses to enjoy together,” says Thompson.

“The one that Bob Swan commented on on our earnings call last week was the growth of our credit business, the BML [Bill Me Later] business inside of PayPal and using the strength of the eBay balance sheet in order to fund that growth in receivables and that is a powerful synergy for both businesses: putting the capital they generate to work to help us grow that part of our business and a very profitable part of our business.”

Read More Share

Recent Author Posts

Join Our Community

Connect On Social Media

Most Popular Posts

We Blog The World

Pin It on Pinterest

Share This

Share this post with your friends!