EBay’s Repatriated Cash Opens Doors to Buy Startups
This article is for subscribers only.
EBay Inc.’s move to bring home part of its international cash hoard opens the door for it to do multibillion-dollar acquisitions, just as the company needs to rev up growth.
The world’s biggest online marketplace this week said it’s taking a $3 billion tax charge to potentially return $9 billion in profits to the U.S. While the San Jose, California-based company is still deciding whether to actually bring back the cash, the money could be used for stock buybacks or acquisitions, executives said.