EBay Says Icahn Proposes PayPal Spinoff

EBay Inc. (EBAY) said activist investor Carl Icahn has acquired less than 1 percent of the company and is nominating two of his employees to join the board, sending shares of the largest online marketplace surging. More: continued here

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EBay surges on results, Icahn proposals

SAN FRANCISCO (MarketWatch) — EBay Inc. on Wednesday reported a fourth-quarter profit of $850 million, or 65 cents a share, on revenue of $4.5 billion, compared with earnings of $751 million, or 57 cents a share, on $3.99 billion in sales in the year-ago period. Excluding one-time items, eBay would …

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