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Posts Tagged ‘billionaire Carl Icahn’

SAN JOSE, Calif. (AP) — Carl Icahn is backing down from his push to remake eBay, settling an acrimonious dispute just ahead of what promised to be an awkward annual shareholder’s meeting.

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NEW YORK (Reuters) – EBay Inc and Carl Icahn have ended their proxy fight, with the activist investor dropping his proposal that the e-commerce company split off its PayPal payments unit and withdrawing his two nominees for the eBay board. EBay will add David Dorman, a founding partner of investment firm Centerview Capital Technology, as […]

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Activist investor Carl Icahn on Wednesday called on eBay Inc to sell 20 percent of its PayPal payments unit in an initial public offering, a change in tack from his previous call for a complete spinoff. Icahn in January called for eBay to hive off its fast growing PayPal business, arguing the unit is undervalued […]

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