EBAY | Jotup

eBay, Collectors Enter into Commercial Agreement, Sign Deals for Acquisition of Goldin by eBay and Acquisition of the eBay Vault by PSA

Retrieved on:

Wednesday, April 10, 2024

EBay, Sale, Oliver Cromwell, Allen & Company, Partnership, PSA, Centerview Partners, Acquisition, Trust, EBAY, Friction, SAN, Online shopping

SAN JOSE, Calif., April 10, 2024 /PRNewswire/ -- eBay Inc. (NASDAQ: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, and Collectors, parent company of PSA, the leading third party authentication and grading provider in the collectibles industry, today announced they signed definitive agreements to enter into a series of transactions that include a commercial agreement, the sale of Goldin from Collectors to eBay, and the sale of the eBay vault from eBay to PSA. The differentiated and complementary strengths of the respective companies will support more streamlined buying, selling, grading, and storage experiences for all who participate in the trading card hobby in the United States ("The Hobby").

Key Points:

These deals represent a compelling opportunity to accelerate innovation in the industry and enable game-changing benefits for collectors.
"eBay is relentlessly focused on providing the best inventory and the highest level of trust for our global community," said Jamie Iannone, CEO, eBay.
PSA has also agreed to acquire the eBay vault, while maintaining seamless access to vault services for eBay's U.S. customers.
Centerview Partners is acting as financial advisor on the acquisition of Goldin and Freshfields is acting as legal advisor to eBay.

Arrive Recommerce Names Kenny Pate Chief Product Officer

Retrieved on:

Wednesday, March 27, 2024

Organizational founder, EBAY, EBay, Software as a service, Citizenship

SANTA MONICA, Calif., March 27, 2024 /PRNewswire/ -- Arrive Recommerce (Arrive), the technology company that powers resale for leading brands and retailers, today announces the appointment of SaaS veteran Kenny Pate as Chief Product Officer.

Key Points:

SANTA MONICA, Calif., March 27, 2024 /PRNewswire/ -- Arrive Recommerce (Arrive), the technology company that powers resale for leading brands and retailers, today announces the appointment of SaaS veteran Kenny Pate as Chief Product Officer.
Arrive powers recommerce for globally recognized retail brands including YETI, Burton, The Citizenry and many more.
Brands are beginning to understand that recommerce will be critical to thriving in today's competitive market and are looking to implement solutions immediately.
The challenge of creating a truly omnichannel recommerce solution that mirrors the same level of sophistication as ecommerce is something I'm ready to tackle."

eBay Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Tuesday, February 27, 2024

SAN, Quarter, Week, Entrepreneurship, API, Growth, EBay, Noise, COMC, Sport, GAAP, GMV, Task force, Trust, FX, Dow Jones, EBAY, Online shopping

"Our organic GMV growth improved year-over-year during each quarter of 2023, while navigating a challenging macroeconomic environment.

Key Points:

"Our organic GMV growth improved year-over-year during each quarter of 2023, while navigating a challenging macroeconomic environment.
I'm proud of the strong execution throughout 2023 and I'm confident our strategy will drive long-term shareholder value."
In 2023, the eBay Foundation granted more than $19 million to nonprofit organizations advancing inclusive entrepreneurship.
Fourth Quarter and Full Year 2023 Financial Highlights (presented in millions, except per share data and percentages)

eBay Inc. Announces New Member to Board of Directors

Retrieved on:

Thursday, February 15, 2024

Dell EMC, Continental Airlines, SAN, United Airlines Holdings, Business operations, Growth, ESG, MBA, San Diego State University, Audit committee, EBay, Embry–Riddle Aeronautical University, Organization, Apple, CSO, VMware, CIO, EBAY, Management

SAN JOSE, Calif., Feb. 15, 2024 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced the appointment of Zane Rowe to its Board of Directors, effective February 16, 2024. Zane has also been appointed to eBay's Audit Committee.

Key Points:

"We are excited to welcome Zane to our Board of Directors," said Paul Pressler, Chairman of the Board, eBay Inc. "Zane will bring extensive experience in business strategy, corporate finance and technology development having worked with some of today's leading global technology organizations.
His expertise will help eBay further its strategy and aid in its focus on delivering long-term shareholder value."
"I am pleased to join eBay's Board of Directors," said Zane Rowe.
Following these changes, eBay Inc.'s Board of Directors will be composed of ten directors, nine of whom are independent.

eBay Reaches Settlement with U.S. Department of Justice

Retrieved on:

Wednesday, January 31, 2024

Partnership, Government, EBAY, Hand, EBay, DOJ, SAN, Uncertainty, DEA, Auction

SAN JOSE, Calif., Jan. 31, 2024 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has reached an agreement with the U.S. Department of Justice ("DOJ") to fully resolve the DOJ's inquiry regarding products sold on the eBay marketplace alleged to violate certain laws administered by the Drug Enforcement Administration ("DEA"). Under the terms of the agreement, eBay will pay $59 million and implement enhanced processes regarding its monitoring and reporting of listings that violate eBay's terms of service. eBay expressly denies the DOJ's allegations and the settlement does not include any admission of wrongdoing.

Key Points:

eBay expressly denies the DOJ's allegations and the settlement does not include any admission of wrongdoing.
eBay issued the following statement:
"Maintaining a safe and trusted marketplace for our global community of sellers and buyers is a fundamental principle of our business.
Government officials have repeatedly commended eBay for our partnership with law enforcement and efforts to support investigations into illegal pill press usage."
eBay will fund the payment contemplated in the settlement through cash on hand.

eBay Inc. Reaches Agreement with U.S. Attorney's Office for the District of Massachusetts

Retrieved on:

Thursday, January 11, 2024

SAN, EBay, District court, Law enforcement, Government, Ethics, EBAY

As set forth in the agreement, eBay takes responsibility for the misconduct of its former employees.

Key Points:

As set forth in the agreement, eBay takes responsibility for the misconduct of its former employees.
"The company's conduct in 2019 was wrong and reprehensible," said Jamie Iannone, Chief Executive Officer at eBay.
"From the moment eBay first learned of the 2019 events, eBay cooperated fully and extensively with law enforcement authorities.
If eBay successfully meets its obligations under the deferred prosecution agreement, after three years, the agreement will expire, and the U.S. Attorney has agreed to dismiss the criminal Information against eBay.

Annual Changes to the Nasdaq-100 Index®

Retrieved on:

Saturday, December 9, 2023

Align Technology, JD.com, Lucid Motors, Zoom Video Communications, CDW, Roper Technologies, DoorDash, JD, EBAY, Index, NDAQ, MongoDB, Enphase Energy, EBay, Invesco, ROP, CCEP, QQQ, Cryptocurrency

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 18, 2023.

Key Points:

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 18, 2023.
The Nasdaq-100® is reconstituted each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.
In addition, options, futures and structured products based on the Nasdaq-100 Index® and the Invesco QQQ Trust trade on various exchanges.
For information about the six companies to be added to the Nasdaq-100 Index®, please visit the following respective company websites:

eBay Announces Commercial Agreement and Investment in Sports Trading Card Company COMC, Strengthening Commitment to Collectible Enthusiasts

Retrieved on:

Wednesday, November 29, 2023

EBAY, EBay, COMC, Growth, SAN, Entrepreneurship, Hobby Markets Online, Culture, Partnership, Online shopping

SAN JOSE, Calif., Nov. 29, 2023 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, and COMC, an innovator in the sports trading cards space, today announced that the companies have entered a commercial agreement to accelerate the growth of the trading card hobby. The deal also includes an eBay investment in COMC. This partnership reinforces eBay's deep commitment to supporting sellers and collectors across The Hobby, delivering innovative experiences to help them thrive and fuel their passions.

Key Points:

The deal also includes an eBay investment in COMC.
This partnership reinforces eBay's deep commitment to supporting sellers and collectors across The Hobby, delivering innovative experiences to help them thrive and fuel their passions.
COMC has a demonstrated ability to effectively manage a high volume of trading cards at multiple price points.
eBay's investment will help unlock access to new services for eBay customers, including making listing easier and more efficient.

eBay Supports Voluntary Offer to Acquire Adevinta

Retrieved on:

Tuesday, November 21, 2023

EBay, SAN, LionTree, Permira, USD, Schibsted, EBAY, Auction, Cryptocurrency

SAN JOSE, Calif., Nov. 21, 2023 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, announced its support for the voluntary tender offer led by Permira and Blackstone to acquire all the publicly traded shares of Adevinta (the "Offer"). As part of the transaction, eBay would sell 50% of its shares for an estimated USD $2.2 billion and would exchange the remaining shares for an equity stake of approximately 20% in the newly privatized company.

Key Points:

SAN JOSE, Calif., Nov. 21, 2023 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, announced its support for the voluntary tender offer led by Permira and Blackstone to acquire all the publicly traded shares of Adevinta (the "Offer").
"We strongly support this offer, which we firmly believe is in the best interests of our shareholders," said Jamie Iannone, Chief Executive Officer at eBay.
The Offer is being made through Aurelia Bidco Norway AS, a Norwegian private limited liability company established for the purpose of the Offer.
eBay would sell 50% of its stake in Adevinta in the transaction, receiving approximately USD $2.2 billion in cash upon closing.

eBay Inc. Reports Third Quarter 2023 Results

Retrieved on:

Tuesday, November 7, 2023

"We delivered another quarter of solid results, and have accelerated the pace of innovation across eBay," said Jamie Iannone, Chief Executive Officer at eBay.

Key Points:

"We delivered another quarter of solid results, and have accelerated the pace of innovation across eBay," said Jamie Iannone, Chief Executive Officer at eBay.
During the quarter, eBay authenticated its millionth trading card: a Magic: The Gathering All Hallow's Eve (Legends) card.
The eBay Foundation announced its 2023 Global Give grantees, awarding nearly $3 million to 32 nonprofit grantees across the globe.
Third Quarter 2023 Financial Highlights (presented in millions, except per share data and percentages)