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EBay Poised to Gain 30% Chasing Amazon Without PayPal: Real M&A
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Instead of running auctions for artillery shells, harpoons and zen gardening kits, a faster way for EBay Inc. to enrich its owners would be to split off PayPal.
Since John Donahoe succeeded Meg Whitman as EBay’s chief executive officer in March 2008, the world’s biggest online marketplace has returned less than 2 percent to shareholders. In the same span, its rival Amazon.com Inc. overtook EBay in equity value after more than doubling to $83 billion.