EBay To Split Off Lucrative PayPal Business – CIO Today


CIO Today

EBay To Split Off Lucrative PayPal Business
CIO Today
The move comes after months of pressure from activist investor and billionaire Carl Icahn, who has a 2.5 percent stake in eBay, according to FactSet. EBay CEO John Donahoe had been adamant that splitting off PayPal was the wrong move for the company.

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