In a major reverse in course, eBay is spinning off its PayPal business into a separate, publicly traded company next year. EBay CEO John Donahoe said in a statement although the two companies had ...

Carl Icahn is at it again. The billionaire corporate raider turned activist investor wants eBay to spin off its PayPal unit, the giant online marketplace disclosed on Wednesday. It’s not hard to see ...

eBay's journey began in 1995 as AuctionWeb, a hobby project connecting buyers and sellers. The first sale on the site was a broken laser pointer! From there, it ballooned quickly, with its official ...

EBay Inc. has completed the acquisition of online payment company PayPal Inc., the San Jose-based Internet auction company said in an announcement yesterday. The stock-swap transaction, valued at $1.5 ...

Aug 21 (Reuters) - EBay Inc is considering a spinoff of PayPal, its fast-growing payments unit, as soon as next year, tech news website The Information reported, citing sources. Shares of the online ...