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Icahn says demanding review of eBay records

04
Mar
2014

By Sam Forgione NEW YORK (Reuters) – Activist investor Carl Icahn said Monday he is demanding a review of eBay Inc.s records on its divestiture of Skype, reiterating his view that eBay board member Marc Andreessen had conflicts of interest regarding the sale, while eBay called Icahns criticisms false and misleading. In an open letter to shareholders, Icahn said Mr. Andreessens conflicts are clear and insurmountable. He also said his firm is in the process of demanding an inspection of eBays relevant books and records pursuant to our right as stockholders under Delaware law. Icahn, who has a 2.15 percent stake in eBay and has called for the e-commerce giant to spin off its fast-growing PayPal payments business, has publicly feuded with the company in recent weeks over eBays 2009 sale of a majority stake in Skype to private investors. Icahn says that Andreessen, whose venture capital firm was one of the investors in the group to which eBay sold its majority stake in Skype for $1.9 billion, subsequently benefited from the groups sale of the online phone service in 2011 to Microsoft for $8.5 billion.

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