EBay Does About-Face in Spinoff of PayPal Backed by Icahn – New York Times


New York Times

EBay Does About-Face in Spinoff of PayPal Backed by Icahn
New York Times
Only six months earlier, eBay had rejected Mr. Icahn's call to spin off PayPal, the payment processor, which generated nearly half of the overall company's revenue. At the time, management insisted that keeping the company together made more sense.
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