[qi:013] An interesting tidbit about eBay: last week, the auction giant boosted its existing credit facility from $1 billion to $2 billion, with an additional billion dollar option. This could mean something major is up. Stifel Nicolaus analyst Scott Devitt writes in a note:
eBay is positioning for a possible material event regarding its capital structure or a mostly cash-funded acquisition. As for a dividend, while it is possible it is not likely….eBay could repurchase 18% of its equity over the next two years with its existing cash…We continue to believe in this scenario, although we recognize that an acquisition that would allow eBay to marry distribution with content is always a possibility
Interesting! Time to start digging up dirt! What do you think eBay is upto? Buying Yahoo or something equally radical?