eBay could be worth $62/share on sum-of-the-parts, says Piper Jaffray Piper Jaffray says it still estimates the total valuation of eBay's two divisions at around $62 per share on a sum-of-the-parts basis. Piper believes Marketplace could be more attractive as an acquisition candidate post separation, which it notes investors have been thinking about since the Alibaba (BABA) IPO. The firm thinks competition from Apple Pay (AAPL) and Google Wallet (GOOG) will likely add some uncertainty to PayPalís standalone valuation. Piper has a Neutral rating on eBay. The stock is up 9% to $57.25 after announcing it will spin off PayPal into a separate publicly traded company.
eBay: Neither Donahoe, Swan will have executive management role in new companies eBay says neither CEO John Donahoe nor CFO Bob Swan will have an executive management role in the new eBay and PayPal companies.