Home / ebay / The Deal: Icahn Prods eBay to Spin PayPal

The Deal: Icahn Prods eBay to Spin PayPal

NEW YORK (TheStreet) eBay disclosed Wednesday a small stake taken by Carl Icahn and said the activist investor has proposed a spinoff of the e-commerce company's PayPal division.Icahn also nominated two candidates to eBay's board of directors. His stake amounts to less than 0.82% of the company. In a statement accompanying its fourth-quarter results, eBay said it rejected the overture, adding it …

More: continued here

About admin

Check Also

This Year’s ‘Power Lunch’ With Warren Buffett Sold For $3.3M on eBay – Observer

Observer This Year's 'Power Lunch' With Warren Buffett Sold For $3.3M on eBayObserverAn anonymous buyer …

Leave a Reply

Your email address will not be published. Required fields are marked *