News Reports Of eBay Spinning Off PayPal Resurfaces
eBay has been actively searching for a candidate to fill the position of PayPal CEO after its former CEO David Marcus left the company for Facebook. According to The Information, eBay has been informing potential candidates that PayPal will operate as a standalone company.
Shares of eBay rose to $55.00 following the release of the article and were last seen trading at $56.12, up five percent.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.