Take context from the input text and decide on the accurate relationship between 'eBay' and 'PayPal' from the options provided.
Options: operator, distribution format, location of formation, subsidiary

SAN FRANCISCO, July 1 (Reuters) - PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc.
subsidiary