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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| eBay Inc | NASDAQ:EBAY | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.27 | -0.54% | 49.80 | 49.80 | 49.81 | 49.94 | 49.6488 | 49.76 | 138,831 | 14:43:49 |
From May 2019 to May 2024
By Greg Bensinger
EBay Inc. payments unit PayPal said Thursday that it plans to trade on the Nasdaq Stock Market when the two companies split later this year.
In addition, both companies also announced their respective boards.
PayPal said it would trade under the ticket symbol "PYPL," which is the same symbol that the San Jose, Calif., company used before being acquired by eBay in 2002 for about $1.5 billion.
EBay and PayPal plan to split into separate publicly traded companies sometime in the third quarter. They didn't provide any more specific timing on Thursday.
Ebay's board will be chaired by current eBay director Thomas Tierney and include nine other current eBay directors or executives. PayPal's board will be chaired by eBay Chief Executive John Donahoe and eight other current eBay directors or PayPal executives.
The companies have disclosed an operating agreement that will keep them closely aligned for at least five years, including a requirement that 80% of gross merchandise sales on eBay.com still flow through PayPal.
George Stahl contributed to this article.
Write to Greg Bensinger at greg.bensinger@wsj.com
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