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PayPal Given $5 Billion Dowry

PayPal Given $5 Billion Dowry

Speaking at a Goldman Sachs Technology and Internet Conference, CFO Bob Swan said the cash would “more likely than not” be parked offshore.

It looks like PayPal will take the bulk of eBay’s cash pile. The Internet retailer finished 2014 with $6.3 billion in cash and cash equivalents.