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EBay rallies on reported plan to spin off PayPal

SAN FRANCISCO (MarketWatch) – Shares of eBay Inc. rallied Thursday on speculation that the e-commerce giant was planning to spin off PayPal. EBay was up more than 5%, the best performer on the S&P 500 . According to a report in The Information, eBay has told candidates for the chief executive post at PayPal that the company was considering spinning off the payments business as early as next year …

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