The online auction site eBay is planning to split off its payments system PayPal into a separate company.
It expects to do that in the second half of 2015.
EBay's chief executive John Donahoe said: "A thorough strategic review... shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively."
PayPal's revenues are growing at 19% a year, twice as quickly as eBay's.
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