eBay, the San Jose-based on-line auction site, disclosed today that it had reached an agreement with Wells Fargo Bank and Banc of America Securities to extend its credit limit from $1 billion to $2 billion, with an option to increase it to $3 billion.
According to a securities filing today, the company said it may use the funds for a variety of things, including acquisitions. That would be good news for dozens of companies thinking about IPOs that will be put on hold now that the market has gone south for the summer.
