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News Reports Of eBay Spinning Off PayPal Resurfaces

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eBay (NASDAQ: EBAY) may consider spinning off its PayPal unit as soon as next year, The Information reported.

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.

Posted-In: EBAY PayPal The InformationNews

 

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