Adding to earlier rumored possibilities I outlined this morning about eBay China's fate, AuctionBytes now adds another.
Up to now we had the two possibilities of eBay China being sold to either Tencent or Tom.com. AuctionBytes quotes Pacific Epoch, adding a third possibility of eBay actually negotiating the acquisition of Tencent, rather than the other way around.
This makes a little more sense to me as I don't see eBay Inc. (NASDAQ: EBAY) just giving up on the whole Chinese market and withdrawing altogether from it by selling its operations there.
Looking at today's share price, eBay shares are up over 3.5%. The increase in share price could be attributed to a Goldman Sachs bullish note on eBay. Goldman lowered its eBay target price from $54 to $35, but reiterated its "Buy" rating on eBay at the same time. While Goldman is bullish, others predict eBay's Q3 to be "less-than-stellar."
Could eBay shares be up 3.5% solely on a Goldman note, or is there anything behind the rumors? And if so, what?
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