EBay follows Icahn's advice, plans PayPal spinoff in 2015

Credit: Reuters/Beck Diefenbach (UNITED STATES - Tags: BUSINESS LOGO)

1 of 2. An eBay sign is seen at an office building in San Jose, California May 28, 2014.

'A thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively,' eBay Chief Executive John Donahoe said in a statement.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Savio D'Souza)