Icahn backs down from demand that eBay spin off PayPal

SAN FRANCISCO/NEW YORK, April 10 (Reuters) – Carl Icahn backed off calls for eBay Inc to spin out its fast-growing PayPal payments unit on Thursday, after the billionaire investor failed to drum up support from the e-commerce company's major shareholders. Icahn withdrew his two nominees to eBay's board ahead of the company's annual meeting in May. But in a concession to the famously pugnacious …

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