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Devin Wenig steps down as eBay CEO
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This morning eBay announced that Devin Wenig has stepped down from the role of CEO. A former executive at Reuters, Wenig joined the company eight years ago this month as president of its global market place division. He was appointed to the CEO role in July 2015, following eBay’s spin-off of PayPal. “Devin has been […]
Topics: wenig, techcrunch, today, board, schenkel, company, steps, vice, spinoff, president, ceo, ebay, devin. -
South Africa's Naspers rules out $114 billion Tencent stake spin-off
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South Africa's Naspers (NPNJn.J) does not plan to spin off its $114 billion stake in Tencent, its boss said on Monday, a push back against investors urging a break-up to close a widening discount between its market value and that of its one-third stake in the Chinese internet company.
Topics: naspers, rules, investors, tencent, billion, spinoff, south, stake, africas, discount.