Ebay and Paypal have completed their division




Ebay and Paypal are since Friday no longer part of the same company. The payment processor that was previously acquired by Ebay continues as a separate company, and as of Monday, as such, are traded on the stock exchange.

That both companies announced today, as reports Business Insider. By splitting Ebay becomes an important source of revenue lost, although Paypal or less profitable than trading site itself. PayPal is already starting Monday traded as a separate company, but there are agreements with Ebay. Thus, the trade website promises in the next few years at least 80 percent of its transactions to be handled through Paypal.

Ebay recently decided already to divest its business branch. This company wants to retrieve a sum of 925 million dollars, converted about 854 million euros. Ebay has the money needed to throw his business. By disappointing results was having to cancel the 2,400 jobs still known in January.

Ebay and Paypal have already announced some time ago that they would divide themselves. Last year, Ebay already said that it wanted the payment processor repel . The decision Paypal no longer to make out part of Ebay would be taken for strategic reasons. There also were rumors that PayPal would be sold, but that has not happened. Ebay took the payment processor in 2002 at a cost of 1.5 billion dollars. That is now about 1.39 billion euros.


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