Reginal Thomas
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Ebay Plans To Spinoff PayPal In 2015

Ebay Inc. has made the announcement that it will spin off its payments business, PayPal, next year. Ebay's shares are up 8% after the company announced its new plan. Activist investor Carl Icahn advised the spin off. PayPal's IPO will happen sometime in the second half of 2015. Ebay's CEO John Donahoe said, "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."