PayPal Spinoff Happens in Two Weeks: What Wall Street's Saying

NEW YORK (TheStreet) -- On Friday eBay finally announced when it would be completing the spinoff of its payments division PayPal. The company had been discussing the spinoff for months now, but it will all be over on July 17 when PayPal becomes an independent company separate from eBay. On July 8, eBay shareholders will receive one share of PayPal common stock for every share of eBay common stock they own. The distribution will be finalized on July 17, and on July 20 PayPal will begin trading ...