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EBAY TO SPIN OFF PAYPAL

Flickr / Kārlis Dambrāns Ebay will spin off PayPal into its own business starting next year. PayPal, the online payments juggernaut, is seen as the real crown jewel of the Ebay business. And investors have been clamoring for a way to unlock PayPal’s value. The activist investor Carl Icahn, in particular, has been a big advocate of spinning off PayPal. AP Images Carl Icahn The New York Times …

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