Home / ebay / EBay shares soar more than 8 percent as Icahn takes stake

EBay shares soar more than 8 percent as Icahn takes stake

Shares of eBay soared late Wednesday after activist investor Carl Icahn revealed he owns almost one percent of its stock and has nominated two directors to the company's board. Just minutes after the revelation in the company's earnings news release, eBay shares were up 8.5 percent. Ebay also said its board has authorized a $5 billion stock repurchase.

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