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Because they didn't sell it, they spun it off. Shareholders got 1 PYPL share for every share of EBAY. EBAY was ~$28 a share and the combined value of both is cu
by jonknee 8y ago
Because they didn't sell it, they spun it off. Shareholders got 1 PYPL share for every share of EBAY. EBAY was ~$28 a share and the combined value of both is currently ~$123. An 80% annualized ROI seems like a goldmine to me!