EBay to separate PayPal and eBay into two public companies

NEW YORK (MarketWatch) — EBay Inc. said Tuesday it is separating its eBay and PayPal businesses into two independent, publicly traded companies, in a transaction expected to be completed in the second half of 2015. "A thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively …

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