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As of September 2014, eBay has acquired over 40 companies, the most expensive of which was the purchase of Skype, a Voice over Internet Protocol company, for US$2.6 billion in cash plus up to an additional US$1.5 billion if certain performance goals were met. [2] The majority of companies acquired by eBay are based in the United States.
eBay office in Toronto, Canada. eBay Inc. (/ ˈ iː b eɪ / EE-bay, often stylized as ebay or Ebay) is an American multinational e-commerce company based in San Jose, California, that allows users to buy or view items via retail sales through online marketplaces and websites in 190 markets worldwide.
Tradera is acquired by eBay.com for approximately $50 million. [40] 2007 Acquisition N/A StubHub is acquired by eBay.com. [41] 2007 Major launch Media streaming service Hulu, a popular subscription video on demand service, launches. Hulu is composed of various media organizations. [42] 2007 Major launch Online advertising
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The combined entity, initially called X.com, later changes its name to PayPal. PayPal adopts eBay as a key platform to grow its userbase, because of the need for an online payment system on eBay. eBay responds with its own payment service, Billpoint. PayPal competes fiercely with Billpoint, raises a large amount of money, and IPOs in February 2002.
Billpoint was founded in 1998 by Sang Young Lee, Hope Chen, Will Chen, Jason May, Ian Flint and Jay Shen, with headquarter in Redwood City, California.The company obtained venture funding from Sequoia Capital in February 1999, [2] and later that year was purchased by eBay; its website was taken offline while integration into eBay's auction service took place.
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