eBay on March 20 welcomed investor Carl Icahn’s change in tactics on the future of the company but repeated that PayPal should remain a part of it, according to a report in Bloomberg BusinessWeek.
eBay on March 20 welcomed investor Carl Icahn’s change in tactics on the future of the company but repeated that PayPal should remain a part of it, according to a report in Bloomberg BusinessWeek.
In a posting on his website, Icahn advocated for selling a 20 percent share of the payments company to the public, with the remainder staying with eBay. The activist investor holds a stake in the online marketplace.
We’d love to be your preferred source for news.
Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!
“A partial separation of PayPal is not a new idea, and we’re glad to see that Mr. Icahn now seems to agree that a full separation of PayPal is not a good idea,” eBay said, according to Bloomberg.
eBay in January originally rejected Icahn’s move to spin off PayPal into a separate company.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
Add as Preferred Source
