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EBay, bowing to pressure, agrees to hive off PayPal

Move could make online marketplace business attractive as an acquisition
Wednesday, October 1, 2014 - 00:00

[NEW YORK] EBay Inc, the world's biggest online marketplace, said it will split off its payments arm PayPal, finally bowing to pressure from activist shareholder Carl Icahn after nine months.

EBay and PayPal will become independent companies in 2015, subject to customary conditions, the