Cash Burning Hole in eBay's Pocket
By Ina Steiner
Reuters reports that eBay may be on the prowl for acquisitions in 2008 after interviewing Lorraine McDonough, eBay's VP of Corporate Development. McDonough told Reuters that eBay had passed on a lot of potential deals that were good strategic fits but valuation challenged. She said eBay may have the opportunity to revisit some of those opportunities in 2008. Reuters reported that eBay has accumulated "a war chest of about $5 billion in cash and short-term investments on its balance sheet."
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to firstname.lastname@example.org.
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