Reuters reports that eBay may be on the prowl for acquisitions in 2008 after interviewing Lorraine McDonough, eBay's VP of Corporate Development. McDonough told Reuters that eBay had passed on a lot of potential deals that were good strategic fits but valuation challenged. She said eBay may have the opportunity to revisit some of those opportunities in 2008. Reuters reported that eBay has accumulated "a war chest of about $5 billion in cash and short-term investments on its balance sheet."
Reuters reports that eBay may be on the prowl for acquisitions in 2008 after interviewing Lorraine McDonough, eBay's VP of Corporate Development. McDonough told Reuters that eBay had passed on a lot of potential deals that were good strategic fits but valuation challenged. She said eBay may have the opportunity to revisit some of those opportunities in 2008. Reuters reported that eBay has accumulated "a war chest of about $5 billion in cash and short-term investments on its balance sheet."
