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EBay follows Icahn's advice, plans PayPal spinoff in 2015

By Supantha Mukherjee (Reuters) – EBay Inc plans next year to spin off PayPal, its fast-growing payments business, giving in to activist investor Carl Icahn's argument for a leaner company better equipped to compete in the competitive mobile payments market. EBay's shares rose as much as 8 percent after the company said it would spin off PayPal as a publicly traded company in the second half of …

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