双语新闻：eBay CEO亲述为何要拆分PayPal

2014-10-10 17:38:22来源：可可英语

　　Seven months after making the case againstspinning off PayPal to Fortune, eBay CEO JohnDonahoe is singing a different tune.

　　eBay首席执行官约翰o多纳霍曾经对《财富》(Fortune)表示公司不会拆分PayPal。七个月后的今天，他发表了不同的言论。

　　On Tuesday, eBay announced plans to spin-offonline payments service PayPal into a separate,publicly traded company. Doing so, according toeBay, will help both businesses take advantage ofnew opportunities to grow in challenging markets.

　　近日，eBay宣布了将在线支付业务PayPal拆分成一个独立公开上市公司的计划。根据eBay的说法，此举将帮助双方把握新的机遇，在竞争激烈的市场中继续发展。

　　The move comes months after activist investor Carl Icahn waged a public campaign for aPayPal spin-off. Icahn, who owns 30.8 million shares of eBay and is expected to make $180million from today’s news, argued PayPal would grow faster and therefore be more valuable ifcleaved from its parent company. (In March, Donahoe made the case that eBay and PayPalwere stronger businesses together.)

　　在活跃投资家卡尔o伊坎发起公开运动号召拆分PayPal后的几个月，此举终于变成了现实。伊坎拥有eBay3,080万股份，预计这个消息将使他净入1.8亿美元。伊坎曾表示，如果PayPal能脱离母公司独立出来，将会发展得更快，价值也会更高。(多纳霍则在今年3月称eBay和PayPal在一起才更强大。)

　　But in an interview with Fortune on Tuesday, Donahoe, said the proxy fight earlier this yeardid not sway eBay’s board. Rather, the about-face came after a strategic review during a Juneboard retreat that showed the split would benefit both companies.

　　但在接受《财富》采访时，多纳霍表示，今年早些时候的代理权之争不会影响到eBay的董事会。在6月的战略回顾会议上，董事会表示了退让，改变了立场，证实两大业务拆伙可能将对彼此都更为有利。

　　“The synergies which helped fuel [PayPal's growth] are declining over time,” Donahoe said.

　　多纳霍表示：“随着时间的延续，有助于推动(PayPal发展)的协同效应正在不断递减。”

　　While eBay’s marketplace, the company’s core business, accounts for over 30% of PayPal’sannual revenues, Donahoe predicted that figure will dwindle to just 15% within three years.And while the marketplaces $9.9 billion in revenues last year eclipsed PayPal’s $7.2 billion,PayPal’s 19% annual revenue growth outpaced Marketplaces’ 10%. Because of that, Donahoesaid PayPal has reached a size and scale where it is no longer in need of being tethered to itssister division.

　　尽管eBay的在线商城，也就是公司的核心业务，为PayPal的年收入贡献了超过30%的份额，但多纳霍预计这一数值将会在三年内降至15%。eBay去年的业务收入99亿美元，超过了PayPal的72亿美元，但PayPal 的增长率为19%，超过了eBay的10%。有鉴于此，多纳霍表示，PayPal已经达到了足够的规模，不再需要母公司的羁绊了。

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