Originally Posted by DVTimes

The online auction site eBay is planning to split off its payments system PayPal into a separate company.

It expects to do that in the second half of 2015.

EBay's chief executive John Donahoe said: "A thorough strategic review... shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively."

PayPal's revenues are growing at 19% a year, twice as quickly as eBay's.

[LINK]