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Fitch: eBay's 'A-/F2' Ratings and Negative Watch Unaffected by PayPal's Acquisition of Xoom

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings believes the ratings for eBay, Inc. (eBay) are unaffected by PayPal's, its payments business, all-cash acquisition of Xoom, which facilitates the digital transfer of money internationally, for $890 million, or $25 per share. eBay's 'A-/F2' Long-Term and Short-Term Issuer Default Ratings (IDR) remain on Negative Watch in anticipation of the company's separation of PayPal Inc. (PayPal) from eBay's Marketplaces business (Marketplaces) scheduled for the secon

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