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.
“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.
