EBay Rises After Report on Possible PayPal Spinoff
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EBay Inc. shares climbed after The Information reported the company could spin off its payment unit as soon as next year.
The world’s biggest online marketplace has been telling potential candidates for the top position at PayPal that it’s considering spinning off the division as soon as next year, The Information said in a report today. EBay hasn’t begun talking to candidates about the job of PayPal chief, said a person with knowledge of the matter said, who asked not to be identified because the matter is private.