eBay, PayPal to Split Into Two Separately Traded Companies

eBay plans to spin of its PayPal mobile payments unit into a separate publicly traded company. The online auction site revealed the move in an announcement Tuesday, as reported by The New York Times. The business split, which places both eBay and PayPal on the path activist investor Carl Icahn has been fighting for, will see both reformed as separate publicly traded companies in the second half of 2015.