EBay to spinoff PayPal
"A thorough strategic review with our board shows that keeping EBAY (EBAY.NQ)and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively," eBay Chief Executive John Donahoe said in a statement.
(Reporting by Supantha Mukherjee in Bangalore; Editing by Savio D'Souza)