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eBay bethrothed with longed for European Central Bank spinoff approval

Tuesday 14 July 2015 11:38 CET | News

The European Central Bank (ECB) has officially approved the eBay - PayPal spinoff, approval which deems the two companies as completely separate entities.

The separation is on track to be completed on  17 July, 2015, and PayPal’s stock will officially begin ‘regular way’ trading on the NASDAQ on Monday, 20 July, 2015.

As independent companies, their focus is aimed at improving their ability to pursue their respective market opportunities and strategic priorities, eBay as an active player in the retail industry and PayPal as a global payments services provider.


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Keywords: eBay, retailer, online sales, spinoff, regulation, payments division, PayPal, European Central Bank, approval
Categories: Payments & Commerce
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Countries: World
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