Shearman & Sterling represented the underwriters, led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC, in connection with eBay Inc.’s registered public offering of $3.5 billion aggregate principal amount of investment grade Notes, comprised of $450 Million of Floating Rate Notes due 2017, $400 million of Floating Rate Notes due 2019, $1.15 billion of 2.200% Notes due 2019, $750 million of 2.875% Notes due 2021 and $750 million of 3.450% Notes due 2024.

The following Shearman & Sterling team advised the underwriters in the transaction: partners John Wilson (San Francisco-Capital Markets), Alan Seem (Palo Alto-Capital Markets), and Larry Crouch (Palo Alto-Tax); counsel Eileen O’Pray (Palo Alto-Tax); and associates Jesse Cuevas (San Francisco-Capital Markets), Antonio Herrera Cuevas (San Francisco-Capital Markets), Bilal Choksi (Toronto-Capital Markets), Jeremy Cleveland (Palo Alto-Capital Markets), Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory) and Jenny Ding (New York-Financial Institutions Advisory & Financial Regulatory).