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PayPal in Play for Google as Leftover EBay Invites LBO
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A split of EBay Inc. may put the pieces in play.
EBay announced yesterday that it’s spinning off the PayPal payment-services business from its online marketplaces to unlock value at a $70 billion company whose valuation has been sagging lately. The move may make either half of the San Jose, California-based company a target as industry acquirers from Alibaba Group Holding Ltd. to Google Inc. seek ways to further their dominance of the Internet.