![]() ![]() ![]() "A thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively," Donahoe said in a statement today. It will also help attract top talent-few CEO types want to run a subsidiary of a larger company. Its revenue jumped 20% to $6.6 billion-41% of eBay's total and 36% of its profits.Īpple's jump into the mobile payment game and Alibaba's massive IPO-is meant to free up PayPal to focus solely on payments. In 2013, PayPal moved $180 billion in 26 currencies across 193 nations. Today eBay announced that its fast-growing PayPal division would be spun off as a new company in 2015. EBay and PayPal are going their separate ways.
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