US online giant eBay said Friday its board approved the planned spinoff of its PayPal online payments unit, which will trade as an independent company July 20.
It seems there's nowhere to hide these days from cyberattacks.
E-commerce company eBay has sold its 28.4 percent stake in Craigslist back to the online classified advertising site, ending years of legal wrangling between the two companies.
Online payments titan PayPal said Wednesday it is buying international money-sending service Xoom in a deal valued at $890 million.
When eBay and PayPal split up on Friday, they'll face different challenges than they did as a combined company.
EBay said Tuesday it was selling part of its stake in India's ecommerce startup Snapdeal, but said the Asian nation remains an "important market" for the US online giant.
EBay sold its Enterprise business for $925 million and topped Wall Street expectations for its second-quarter earnings as the online retailer prepares to spin off PayPal.
A new automated data mining system researched and developed at the University of Kent could lead to a dramatic increase in the detection of potentially illegal online sales of elephant ivory through eBay.
EBay plans to grow by thinking small as it prepares for life apart from PayPal.
Tinder has hired one of EBay's top officials as chief executive after a five-month search to replace embattled founding CEO Sean Rad, the West Hollywood, Calif., startup announced Friday.