Breaking News: EBay to spin off PayPal as separate company

EBay today announced it's going to separate itself from its PayPal unit, a move that will make the online payments giant its own publicly traded company next year. EBay will also get a new CEO as current boss John Donahoe is shifting to a role to help with the transition. Donahoe resisted the aggressive push by Carl Icahn to break the company into two.

Breaking News EBay to spin off PayPal as separate company EBay today announced it's going to separate itself from its PayPal unit, a move that will make the online payments giant its own publicly traded company next year. EBay will also get a new CEO as current boss John Donahoe is shifting to a role to help with the transition. Donahoe resisted the aggressive push by Carl Icahn to break the company into two. Related Content GoPro's first post-IPO launch a gift to the rich and…the beginners Being the next Steve Jobs isn't easy: 7 startup realities in Netflix 3D-printer flick Uplinks: Potato Salad finale, Saturday Night Live strategy and lots of GoPro View as a web page Cancel Email Subscription You may change your email address, your preferences, or unsubscribe from this email at any time by visiting bizjournals.com: https://www.bizjournals.com/account/bizjournals/ If you need other assistance, please let us know or contact: bizjournals.com customer service, bizjournals 120 W. Morehead St., Charlotte, North Carolina 28202 © 2014 American City Business Journals, Inc. and its licensors. All rights reserved. The material on this may not be reproduced, distributed, transmitted, cached or otherwise used, except with the written permission of bizjournals.