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eBay announces the acquisition agreement

Event 8 of 9 in How Elon Musk's early ventures unfolded

The event

8 Jul 2002
Corporate

eBay announces the acquisition agreement

eBay and PayPal announced a share-exchange agreement, subject to approvals. They valued it at approximately USD 1.5 billion using eBay's 5 July closing share price.

eBay and PayPalOpen event
Sources and context

Sources for this event

Before · 21 Feb 2002
PayPal closes its initial public offeringAfter · 3 Oct 2002
eBay completes the PayPal purchase

See it in the full timeline (9 events) →