eBay and PayPal have announced the separation of business




Pointing to a “rapidly changing aspects of global trade and payment arrangements”, eBay announced plans for the separation of its business into two mutually independent companies: eBay and PayPal . The latter, in turn, if someone does not know, eBay and was owned by one of its subsidiaries. Branch PayPal is the desire of both companies to focus their capabilities on a single industry, and as quickly as possible to ensure their development in each case.

The current commercial director Devin Wenig eBay will be the new executive director of eBay Inc., after the next year’s final to complete the restructuring of the company. In turn, head of working with innovative designs of American Express Dan Schulman has been selected as the new head of PayPal. Recently, he was appointed Chairman of the Board.

It should be noted that the desire for separation of eBay, which is now fully focus exclusively on sales through the Internet, and PayPal, which management wants to make it a leader among the companies involved in online payments, so was the event for which some time ago with both hands fought one of the most prominent American businessmen, financiers and investors, Carl Icahn . As you can see, his dream against this really true, and the leadership of the two organizations were able to find the appropriate scenario.

According to statistics provided by eBay, through the online payment system PayPal is every six dollars spent. It is very likely that after separation from the eBay PayPal will be able to increase this figure.

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