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| John Donahoe of eBay |
PayPal and eBay EBAY -1.04% are officially breaking up and will start trading as individual companies next month.
On Friday, eBay’s board of directors approved the completion of PayPal’s separation from the online retailer. After July 17, PayPal and eBay will function as two individual, publicly traded companies. The first day of regular trading for the duo as distinct companies is expected to be July 20, according to a company press release.
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