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.

eBay announced its plans to spin off its PayPal business in September last year, after initially resisting the determined campaign that was run by Carl Icahn , the billionaire activist hedge fund investor

Answer: subsidiary