What is the relationship between eBay and PayPal in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

But with PayPal now formally split from eBay , and with former American Express executive Schulman at the helm, the company is gearing up for a fight as it tries to maintain its dominant position in the fiercely competitive online payments sector.

Answer: subsidiary