piątek, 12 września 2014

EBay shares backtrack after it dismisses talk of Google stake

Aerial view of German ebay headquarters in Kleinmachnow NEW YORK/SAN FRANCISCO (Reuters) - Shares of eBay Inc lost much of their Friday gains after the online retailer dismissed market speculation that Google Inc may be preparing to buy a slice of the company. The stock rose as much as 4.7 percent in unusually heavy volume in the morning, with two European-based traders and one U.S.-based trader citing rumors that Google would possibly take a large stake in eBay as the reason for the move. "We’ve had no conversations with Google about acquiring a stake in the company," eBay spokesman Alan Marks said. ...








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