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.
Iv always thought the only real player who could take on the Ebay and Amazon marketplaces was Google.Their Google shopping isnt far away from a marketplace,it just links to stand alone websites.Its almost a cloud based Ebay/Amazon.
So i figured at some point Google would tie things better as a marketplace.Maybe they think the best way of getting into this area is with Ebay.Alibaba and Amazon are the threats.As a Powerseller id prefer Google to launch their own marketplace and trade on all three because if they did do some kind of deal with Ebay then staying high on Ebay becomes even more crucial.
Sorry Dan but I disagree with your statement “Certainly an alliance of some kind would make a great deal of sense”. What the “www” and on-line auctions needs is more competition, not less because that’s what we’ll all have if the giants get bigger.
Given Google’s position on seeking and using a “private persons” information for their own profit – let Ghostery show you just how many specialist “trackers” Google use – giving them access to the private financial details that eBay, not forgetting PayPal will be part of any deal, may prove disastrous if they are hacked big-time in the future.
All we ever have to put up with is the very few who are within “The Hall of the Money Lenders” getting ever greedier.
The competition implications of such a move should not be underestimated.
If Google made such a move to become a major online retailer in their own right then the requirement to ensure their search engine algorithms do not act in their favour becomes even more critical.
Expect some serious regulatory blowback both in the US and the EU over this.
If they do take a stake then it is one more step towards the eventual forced breakup of Google for anti-trust concerns due to market dominance and probable misuse of their search engine results.
Perhaps they don’t want eBay at all? Just PayPal.
Did google not recently demote eBay in search results? At the time people suggested this might be a move to lower the share price for a buyout..
I’ve filed this one in the rumour folder alongside:
Ebay discovers process to convert Wensleydale cheese into 98% pure gold.
Aside from frustration and money, why is there just a single, total tosh message on the eBay Social media? Answers to @wommpomm on twitter, bad language not allowed! Message to eBay, ‘Tell me on a Sunday please!! Best regards to all at tamebay. J xx