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.

Spun off in July by auctioneer eBay , PayPal is now clear to do deals with big vendors like Staples and move into back office operations and other services, according to Barron's .

Answer: subsidiary