Photograph by Andrew Harrer — Bloomberg/Getty Images
By Benjamin Snyder
October 2, 2014

For some companies, it’s like a divorce. For others, it’s merely saying goodbye to a good friend. They are corporate spin-offs, in which businesses cleave off part of their operations into an independent company.

E-commerce giant EBay (EBAY) is just the latest to join the spin-off bandwagon. Earlier this week, it said that it would split online payment service PayPal into its own company.

The split follows pressure by activist investor Carl Icahn, who for months insisted that the companies break-up. EBay CEO John Donahoe, who initially resisted the idea, eventually changed his mind. Here are eight other notable spinoffs in the recent annals of business history.







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