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EBay disagrees with Icahn, says better off keeping PayPal

(Reuters) – EBay Inc on Wednesday said activist investor Carl Icahn made a non-binding proposal for the e-commerce company to spin off its PayPal payments business into a separate entity. Shares of eBay rose 7.8 percent to $58.68 in afterhours trading. But eBay, which bought PayPal for $1.5 billion in 2002, said its board concluded that it would be better off keeping PayPal as part of the …

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