30 Sep 2014
EBay said today that it will spin off its payment system PayPal into its own separate, publicly traded company, probably by mid-2015. The spinoff will be subject to regulatory approvals.
The company also said that CEO John Donahoe will become head of EBay's Marketplaces business while Devin Wenig, the current head of Marketplaces, will become the CEO of the "new" EBay after the split. Dan Schu