Makin' Deals -- It's official: eBay completed its acquisition of PayPal on Friday. Shareholders representing 65 percent of PayPal's stock voted in favor of the acquisition. In addition to the change of hands, PayPal CEO
Peter Thiel resigned his position. He will be replaced by Matt Bannick, the senior vice president of eBay. The person-to-person auction site announced its intention to purchase PayPal on July 8. eBay bought PayPal by trading 39 cents of an eBay share for each share of PayPal, a value of approximately $1.5 billion.
Names and Faces -- Sue Slipman and David Clark are stepping down from the Camelot Group plc board. Clark, the deputy chief executive, will continue working with the company part time. Slipman, the director of
external affairs, will leave her position in mid-October. Camelot operates the U.K. National Lottery.
The Data Hub -- A study in New South Wales shows that up to 20 percent of white-collar crime in the area could be attributable to problem gamblers. Penny Crofts of the University of Technology Sydney, who authored the study, said
problem gamers are turning to crime to further their habit and pay debts and living expenses. The study looked at 2,800 district and local court cases from 1995 to 1999 and found that about one of every five people convicted of larceny or check fraud had a gambling problem.