Ebayhas just announcedthat it ’s to separate PayPal off as an sovereign , publicly traded company in 2015 .
The detachment — which will see PayPal spun off , revenue enhancement - free , of course — means that Ebay ’s e - commerce business concern will be distinct from its PayPal payment unit . Devin Wenig , president of eBay Marketplaces , will become CEO of the new eBay , while American Express executive Dan Schulman has just joined PayPal as President and CEO .
The split is due to take position in the second half of 2015 . Anyone with shares in Ebay will get one share of each fellowship for each share they currently hold .
Image byBrian Cantoniunder Creative Commons license
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