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.”

Jean-Baptiste Su
Jean-Baptiste Su is the technology columnist for L'Expansion, the leading business publication in France. He's also the co-founder and editor of TechPulse 360, a blog at the crossroads of business and technology, exploring the innovation and companies defining the high-tech and clean-tech industries.

Jean-Baptiste started his journalistic career 18 years ago at IDG in France, first as reporter at InfoPC (PC World) and then senior editor at Le Monde Informatique (ComputerWorld). He later joined Decision Informatique, part of Groupe Tests (01 Informatique, as senior editor, before heading to France's financial daily newspaper La Tribune as its local Silicon Valley correspondent.
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