More about PayPal Off eBay
Kevin Kelleher writes for TheStreet.com about the potential growth ahead for PayPal.
eBay paid $1.5 billion for PayPal in 2002, a figure that struck observers at the time as too rich but which seems like a bargain two and a half years later: PayPal is now worth between $6 billion and $7 billion, estimates Legg Mason. The merger has helped both companies grow: eBay gave PayPal a critical mass it needed to succeed, and PayPal gave eBay a higher transaction volume, as buyers and sellers took to its format.
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