Business

What’s PayPal’s first solo move?

By Mae Anderson
Published September 30, 2014 11:47pm ET
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What’s PayPal’s first solo move?
FILE - In this Wednesday, Feb. 27, 2013, file photo, attendees walk in front of an EBay and PayPal display area at the Mobile World Congress, the world's largest mobile phone trade show, in Barcelona, Spain. PayPal is splitting from EBay Inc. and will become a separate and publicly traded company during the second half of 2015. (AP Photo/Manu Fernandez, File) | Manu Fernandez

NEW YORK (AP) — PayPal’s impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challenger Apple Pay. For eBay, the challenge will be how to drive revenue without its fastest-growing division.

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eBay Mergers and Acquisitions PayPal