Take context from the input text and decide on the accurate relationship between 'PayPal' and 'eBay' from the options provided.
Options: owned by, member of, legal form, parent organization

The spinoff, announced last year, came after months of pressure from activist investor Carl Icahn, who had assailed eBay for poor management and claimed that keeping eBay tied with PayPal depressed the value of both units.
owned by