Cash America considers spinning off online lending business

April 10 Thu Apr 10, 2014 7:26am EDT

April 10 (Reuters) - Payday lender Cash America International Inc said its board was reviewing a tax-free spinoff of its online lending business and other strategic alternatives.

Any spinoff of the business, which consists of the company's e-commerce unit Enova International Inc, will create a publicly-traded online lending company with about $766 million in revenue as of Dec. 31, Cash America said in a statement. [ID:nBw13dhD4 (Reporting by Neha Dimri in Bangalore; Editing by Kirti Pandey)