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Google to Acquire eBay? Baird Sees 'Home Run' Opportunity

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eBay (NASDAQ: EBAY) is in the news again, and not because of Carl Icahn or Marc Andreessen.

This time Colin Sebastian, analyst at Baird, points out potential accretive benefits of a deal between eBay and Google (NASDAQ: GOOG) in the range of 40 to 50 percent.

Sebastian believes a eBay/Google deal would be a better strategic alternative to Icahn's proposed PayPal spinoff.

Google could secure a leadership position in commerce and payments by purchasing eBay, said Sebastian.

Baird has an Outperform rating on both eBay and Google with $65 and $1350 price targets respectively.

Shares of eBay are up 0.78 percent to $57.20 while shares of Google are 1.3 percent to $1189 in Monday's trading.

Latest Ratings for EBAY

DateFirmActionFromTo
Dec 2014Stifel NicolausUpgradesHoldBuy
Nov 2014Evercore ISIDowngradesHoldSell
Oct 2014Morgan StanleyInitiates Coverage onUnderweight

View More Analyst Ratings for EBAY
View the Latest Analyst Ratings

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