Ron Burgundy Posted September 30, 2014 Share Posted September 30, 2014 By Supantha Mukherjee and Deepa Seetharaman (Reuters) - EBay Inc plans to spin off its PayPal unit next year, bowing to activist investor Carl Icahn's argument that the move would free the fast-growing payments business to compete more fiercely in the competitive mobile payments market. The move, announced on Tuesday, is an about-face for eBay's top leadership, including Chief Executive Officer John Donahoe, who publicly resisted Icahn's push earlier this year and led a campaign to convince investors that eBay and PayPal should remain together. EBay's shares jumped as much as 8. ... View the full article Quote Link to comment Share on other sites More sharing options...
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