EBay Board Rules May Stymie Icahn PayPal Spinoff

By | January 27, 2014

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Activist investor Carl Icahn faces a long haul in getting enough board support to push through his hopes of getting eBay to spin off PayPal. EBay (EBAY) surprised Wall Street on Wednesday with news that Icahn had taken a 0.82% stake in the payments and e-commerce giant and has proposed that it spin off its lucrative PayPal payments unit into a separate company. The veteran corporate raider, who has grabbed stakes and pushed for changes at other Scalper1 News

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