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Icahn pulls proposal that eBay sell off PayPal

Activist investor Carl Icahn has dropped his call for eBay Inc to split off its fast-growing PayPal payments unit but has suggested he would keep pressure on the e-commerce company. EBay said on Thursday that it had settled its proxy fight with the billionaire, who also withdrew his two nominees …

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EBay, Icahn reach truce

By Phil Wahba NEW YORK (Reuters) – EBay Inc and Carl Icahn ended their proxy fight on Thursday as the activist investor dropped his proposal that the e-commerce company split off its PayPal payments unit and withdrew his two nominees for the eBay board. Icahn in January called for the …

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