EBay Wants Your Next Big Idea
EBay Inc. (NASDAQ:EBAY) CEO John Donahoe said this morning that he’s open to considering cutting-edge startups to add to the company’s portfolio.
While on stage at the Digital Life Design conference in Munich, Donahoe responded to a question about acquisitions by saying that eBay is interested in innovative entrepreneurs who want to live out their vision through eBay, and are able to persuade the world’s leading ecommerce company that they can help move things forward.
“Those are the kinds of companies we are interested in talking to, and if you are out there, we’d love to talk,” he said.
Here’s how eBay shares are reacting to the M&A desire:
eBay Inc. (NASDAQ:EBAY): EBAY shares recently traded at $31.89, down $0.1, or 0.31%. They have traded in a 52-week range of $26.86 to $35.35. Volume today was 619,771 shares versus a 3-month average volume of 11,042,000 shares. The company’s trailing P/E is 12.96, while trailing earnings are $2.46 per share.
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