Ebay Shares Quiet In Pre-Market Trading Monday

EBay Inc

were nearly unchanged in pre-market trading Monday after spiking late last week on revived rumors regarding its future. A rumor surfaced Friday that Google Inc.

could acquire a 40 percent stake in Apple in a deal valued at $85 billion, or $68 a share. Both companies quashed the idea and its source was unclear. EBay has a market cap of less than $69 billion. Read more: http://www.benzinga.com/news/14/09/4846049/rumor-google-inc-to-buy-40-stake-in-ebay-inc-at-68share#ixzz3DOGF5feF A separate rumor earlier last month said eBay has been telling potential recruits for the position of PayPal Chief Executive that it may spin out its PayPal unit next year. Piper Jaffray's Eugene Munster said the recent launch of Apple Inc.'s

makes a PayPal spin-off "less likely." "If eBay is still pursuing the idea of divesting PayPal it may be looking to other alternatives" said Munster, who didn't address the idea that Google would buy an $85 billion stake.