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

10
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 PayPal. “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, told CNBC television. “I think they should spin out a portion of PayPal,” he added. Icahn, who owns just over 2 percent of the e-commerce company, has been pressuring eBay for weeks to spin off its PayPal online payments business.

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