Report: Ebay Considering Spinning Off Paypal
Citing sources, news website The Information reported that EBay Inc is considering spinning out its fast-growing payments unit PayPal as soon as next year. The company has told potential recruits for the position of PayPal CEO about a possible spin-off of the payments unit, the website reported. Whether eBay has decided to spin off all or part of PayPal, and what structure that could take, remains unclear, the website said. Icahn backed off from his demand in April, saying that while he supported a PayPal split in the near future, now was not the time.
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