Ebay Is Finally Spinning Off PayPal Into Its Own Business
Score another one for Carl Icahn.
In an about-face from earlier this year, eBay has decided to spin PayPal off into its own separate business in 2015. What makes the move so surprising is that eBay has spent the bulk of the year fighting off mounting outside pressure--namely from super-investor Carl Icahn, who penned a corrosive open letter to eBay's board back in February--to split its core businesses into two.
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