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 …

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