News Reports Of eBay Spinning Off PayPal Resurfaces

by Jayson Derrick

August 21, 2014 11:44 AM | 1 min read | Make a Comment

On Thursday

The Information reported that eBay EBAY may consider spinning off its PayPal unit as soon as next year. eBay has been actively searching for a candidate to fill the position of PayPal Chief Executive Officer after its former CEO David Marcus left the company for Facebook. FB 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 $54.92. up 2.85 percent for the day.

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Posted In: News EBAY PayPal The Information

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