eBay shares surge on rumour of 40% Google buyout
There’s not much to write about and I’ll let the graph speak for itself. But there are Wall Street rumours that suggest Google and eBay are in talks with view to an alliance. One rumour is that Google would acquire 40% of eBay stock for about $85bn.
It’s seen as a response to Apple announcement on Monday of Apple pay.
Updated: 17:30 BST:An eBay comment on the rumour has been reported. “We’ve had no conversations with Google about [it] acquiring a stake in the company,” says eBay spokesman Alan Marks.
That’s all we know. Certainly an alliance of some kind would make a great deal of sense. Let’s see what will happen.