Utilize the input text as a context reference, choose the right relationship between eBay and Paypal from the options. Options: 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.

Later this month, Paypal will be spun off from eBay and operate as an independent company, giving it more heft.

Answer: subsidiary