Icahn’s PayPal Spinoff Proposal Gains Some Traction

By | March 12, 2014

Scalper1 News

Carl Icahn has hit a nerve with some eBay shareholders. Many analysts were skeptical in late January when the veteran corporate raider revealed he had taken a nearly 1% stake in the payment and e-commerce giant and said he would press eBay (EBAY) to spin off its lucrative PayPal unit to unlock greater shareholder value. Most observers said Icahn needed a much larger stake — at least 25%, noted Susquehanna Financial Group — and Scalper1 News

Scalper1 News