Shareholders of PayPal Inc. voted overwhelmingly to approve the $1.25-billion acquisition of PayPal by eBay. PayPal, an online payment processor for ecommerce transactions, will remain an independent brand from eBay, but eBay will take a portion of the payments processed. Even before the eBay acquisition, PayPal reportedly got 60% of its business from eBay online transactions. Not long after the vote was announced eBay issued a statement that the Chief Executive of PayPal, Peter Thiel, had resigned, with his responsibilities being assumed by eBay's global online payments, Matt Bannick.