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Omega’s Cooperman: eBay should spin off portion of PayPal

11
Mar
2014

Leon Cooperman, chief executive of hedge fund Omega Advisors, said Monday that he agreed with activist investor Carl Icahn’s push for eBay Inc to spin off its PayPal online payments business. “I give Carl a lot of credit for taking the time and showing the energy, and in this case, we happen to agree with him,” Cooperman, an eBay shareholder, said on CNBC television. “I think they should spin out a portion of PayPal,” he said, noting that he owns about 2 percent of eBay shares. Icahn, who owns just over 2 percent of the e-commerce company, has been pressuring eBay for weeks to spin off PayPal.

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