PayPal payment system was acquired eBay online auction back in 2002, after the IPO. However, starting from June 21 this year, their shares will be sold separately. Now each of the companies will focus exclusively on core business.
For the first time, the intention to split was announced back in mid-2014. However, the deal has only now been approved by the board of directors. The recently released report for the second quarter of 2015 will be the last to bring data from both companies together.
Opinions of experts concerning the transaction were divided. According to many, eBay and PayPal have reduced opportunities to successfully compete in the market. Moreover, it will be harder for the first one, while the payment system has a much better chance of success.
As for ordinary users, they will not notice any difference. Both eBay and PayPal will function as usual for them.
