PayPal splits from eBay in face of Apple Pay challenge

eBay and wholly-owned subsidiary PayPal will officially split into two independent publicly traded companies in 2015, the company has confirmed. After a review of the company’s growth strategies and structure, the board of directors concluded the split will enable both companies to better position themselves to respond to competitive change.

ZTE to sell Firefox device through eBay

Chinese infrastructure kit and device maker ZTE has announced that it will sell its Firefox OS smartphone, unlocked, direct to eBay UK and eBay US users for just £59.99 ($79.99 through the US site).

Operator boards to blame for lack of innovation

The boards of the world’s ten largest operators are dominated by executives with legal, financial and engineering backgrounds, resulting in a conservative culture that “struggles to drive and nurture innovation”, according to recruitment consultancy European Leaders.

PayPal launches mobile payment device

PayPal has launched a mobile payment solution allowing small businesses to process a wide variety of types of transaction. The solution, called PayPal Here, allows businesses to accept payments by swiping cards with a fully encrypted thumb-sized card reader, use a phone camera to scan and process cards and cheques and also allows businesses to invoice directly from the PayPal mobile app.

eAccess and O2 plan 4G LTE trials in Japan and UK

Japanese operator eAccess has announced that it has begun trialling a 4G LTE service in preparation for a launch in the country in March 2012. Meanwhile Telefonica’s UK arm, O2 has also launched a 4G trial in London. The operator will be using the trial to shape its plans for a commercial 4G rollout, following Ofcom’s 4G spectrum auction, which is expected to take place sometime in 2012.

Paypal ups ante in carrier billing space

PayPal owner eBay has added to its arsenal in the mobile payments space with the $240m acquisition of Zong, a transaction firm with strong ties to Facebook and expertise in carrier billing.

eBay highlights growing importance of m-commerce

Research released by eBay’s UK operation this week claims that m-commerce could deliver a £4.5bn boost to Britain’s economy by 2016 and a further £13bn by 2021, if nurtured correctly. The research gives the auction house yet more reason to go after Google for allegedly upsetting its mobile activities last week.

eBay picks up mobile ad outfit Where

Online auction house eBay has agreed to acquire m-commerce and mobile advertising firm Where for an undisclosed sum. Based in Boston, US, Where runs a location-based mobile ad network, which should give eBay greater presence on a local level.

Skype in $100m IPO

Internet telephony player Skype has filed for an initial public offering of $100m worth of shares, demonstrating confidence in its business plan despite not having made a profit for the last four years.

Skype saved by licensing deal

Online auction house eBay has announced a settlement with Skype’s founders and former owners, saving the VoIP provider from potential shutdown due to a licensing issue over key technology.

eBay offloads Skype for a surprising $2bn

Online auction house eBay must have been pleased as punch on Tuesday after agreeing to offload the majority of its ill fitting internet telephony outfit Skype for close to $2bn.

eBay warns Skype in danger of shutdown

Internet auction house eBay made a worrying admission late last week – not only did it pay almost $1bn too much for online telephony darling Skype, it also failed to secure rights to the VoIP firm’s underlying technology.

eBay to offload Skype in 2010

Online auction giant eBay looks to have found a way to escape its unhappy marriage with Skype, announcing plans to spin the internet telephony champion off in an IPO (Initial Public Offering).

eBay overpaid for Skype; Zennstrom quits

Niklas Zennstrom, co founder of internet telephony champion Skype, stepped down as CEO of the company Monday night. Zennstrom’s departure comes as eBay wrote down the value of its Skype acquisition, admitting that it paid almost $1bn too much for the company in 2005, when it shelled out $2.6bn. As a result, eBay said a […]

Vodafone offers eBay app.

Vodafone has struck a deal with online auction house eBay to offer a dedicated downloadable mobile application for the service. The eBay application will be free to download on Vodafone live! or embedded on key handsets. The offering will launch initially in Italy initially and will be made available across Europe later this year. The […]