EBay will spin off PayPal, giving in to Carl Icahn – Los Angeles Times
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EBay will spin off PayPal, giving in to Carl Icahn
Los Angeles Times Online marketplace EBay Inc. is bowing to investor pressure by spinning off its payment business PayPal into a separate publicly-traded company by 2015. Wall Street cheered the news Tuesday and pushed up shares of EBay by 6.8% to $56.24 in morning … |
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