EBay Inc said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company.EBay Chief Executive John Donahoe had resisted demands by activist investor Carl Icahn to hive off the service, saying PayPal was integral to eBay's business - and vice versa. Icahn backed off from his demand in April."A thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively," Donahoe said in a statement on Tuesday.After the tax-free spinoff to shareholders, the new eBay will be headed by Devin Wenig, president of eBay Marketplaces and former head of the Markets division of Thomson Reuters Corp .
eBay Inc., is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI. Shares of EBAY fell by 0.51% or $-0.27/share to $52.66. In the past year, the shares have traded as low as $48.06 and as high as $59.70. On average, 12375400 shares of EBAY exchange hands on a given day and today's volume is recorded at 9371178.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.06% or $0.02/share to $36.28. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 653936 shares of TRI exchange hands on a given day and today's volume is recorded at 577648.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.1% or $-0.04/share to $40.45. In the past year, the shares have traded as low as $35.07 and as high as $42.10. On average, 637151 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 451392.
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