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eBay Plans To Separate From PayPal04:05
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Pictured is the eBay logo, top, and PayPal logo at their headquarters buildings in San Jose, Calif. The mobile payment service PayPal is splitting from eBay and will become a separate and publicly traded company in 2015, eBay announced Tuesday, Sept. 30, 2014. (AP Photo)
Pictured is the eBay logo, top, and PayPal logo at their headquarters buildings in San Jose, Calif. The mobile payment service PayPal is splitting from eBay and will become a separate and publicly traded company in 2015, eBay announced Tuesday, Sept. 30, 2014. (AP Photo)

E-commerce company eBay announced today that it will spin off its PayPal business into a separate, publicly traded company next year.

This is a victory for eBay investor Carl Icahn who has been pushing for a separation for months.

The latest move marks a big reversal, since eBay has long opposed the split.

Jason Bellini from the Wall Street Journal joins Here & Now's Robin Young to discuss the split.

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This segment aired on September 30, 2014.

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