Ever since eBay acquired PayPal for $1.5 billion in 2002 they see it as an awkward partnership,The initial plan was to use eBay to for boosting PayPal transactions by driving auction participants toward the online payment service. But ever since the merge eBay has not benefited from it beyond pushing traffic.
So who will invest in PayPal? All of eBay's shareholders. The company said investors will receive one share of PayPal (tentatively under the symbol "PYPL" for every share of eBay ("EBAY" they own, according to a statement Friday.
source:http://www.codingsavvy.com/2015/06/paypal-set-to-split-fom-ebay-on-july-20.html