Refer to the input text as context and select the correct relationship between 'PayPal' and 'eBay' from the available options.
Options: platform, legal form, owned by, chief executive officer

eBay has agreed to sell its enterprise unit to a private-equity-led group for $US925 million ($1.25 billion) and reported results that topped analysts' estimates, days before the e-commerce company spins off its PayPal transactions business.
owned by