PayPal forced to rev after eBay’s belated U-turn

September 30, 2014

The $70 bln online auction company has for years resisted setting free its payments business. Apple and Alibaba created more urgency than Carl Icahn and other investors could. EBay squandered a big early advantage, but independence may yet give PayPal a chance to play catch-up.

A brief history of Time: an epic M&A tale

March 7, 2013

The gold standard of U.S. magazines proved the ultimate currency for building a giant media conglomerate. Spinning off the legacy of Henry Luce’s 1920s vision represents the last step in dismantling the Time Warner empire. Vast value was created and destroyed along the way.