eBay purchased PayPal in 2002 for $1.5 billion. In my view, if eBay did a partial spinoff, the combination of unlocking PayPal's stand-alone value and trader hype could lead the payment company's new shares to grow significantly.
EBAY data by YCharts
At the time of publication, the author had no positions in any of the securities mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
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