In 2015 eBay spun off the online payments service PayPal into an independent publicly traded company, more than a decade after eBay had originally acquired PayPal in 2002. The separation followed pressure from activist investors including Carl Icahn, who argued that PayPal's fast growing payments business was worth more as a standalone company than as a division of eBay's online marketplace.
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1. Wikipedia, PayPal
WikipediaSpin-off from eBay (2014-present) sectionQuote, Spin-off from eBay (2014-present) section
It was announced on September 30, 2014, that eBay would spin off PayPal into a separate publicly traded company, a move demanded in 2013 by activist hedge fund magnate Carl Icahn. The spin-off was completed on July 18, 2015.
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