EBay to Split off Lucrative PayPal Business – ABC News

ABC News EBay to Split off Lucrative PayPal BusinessABC NewsThe move comes after months of pressure from activist investor and billionaire Carl Icahn, who has a 2.5 percent state in eBay, according to FactSet. EBay CEO John Donahoe had been adamant that splitting off PayPal was the wrong move for …

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eBay to Spin Off PayPal – TIME

eBay to Spin Off PayPalTIMEEBay has unveiled a plan to separate the company's namesake company and its PayPal business, creating two independent publicly-traded companies next year — a separation that activist investor Carl Icahn called for earlier this year. The move, which is … More: continued here

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EBay Shares Soar on PayPal Spin off: Tech Winners & Losers

SAN FRANCISCO (TheStreet) – eBay ainvestors heavily bid up the stock, after the company announced it would spin off its payment processing arm PayPal. In addition, the online auction giant also announced its embattled CEO John Donahoe would step down once the spin off is completed, which is expected to …

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EBay follows Icahn’s advice, plans PayPal spinoff in 2015 – Reuters

Reuters EBay follows Icahn's advice, plans PayPal spinoff in 2015Reuters(Reuters) – EBay Inc (EBAY.O) plans next year to spin off PayPal, its fast-growing payments business, giving in to activist investor Carl Icahn's argument for a leaner company better equipped to compete in the competitive mobile payments market. EBay's … More: continued …

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