PayPal president Scott Thompson is happy to be part of eBay!
At the PayPal X conference in San Francisco, PayPal president Scott Thompson confirmed once more that the San Jose, Calif.-based company has no plans to go IPO anytime soon. “We’re happy to be part of eBay, and I don’t believe that it’s likely to change anytime soon!”
More on eBay-PayPal synergies:
“We have nothing on that front to announce. And in fact, as we’ve said in other occasions, nobody that I know of inside of eBay or PayPal is working in any such strategy… There’s a long long runway of synergies left for these 2 businesses [eBay and PayPal] to enjoy together,” says Thompson.
“The one that Bob Swan [eBay CFO] commented on on our earnings call last week was the growth of our credit business, the BML [Bill Me Later] business inside of PayPal and using the strength of the eBay balance sheet in order to fund that growth in receivables and that is a powerful synergy for both businesses: putting the capital they generate to work to help us grow that part of our business and a very profitable part of our business.”
Posted by TechPulse 360 
