EBay Rejects Icahn's Call To Sell 20% Of PayPal In An IPO

Law360, New York (March 19, 2014, 6:10 PM EDT) -- Carl Icahn and eBay Inc. traded barbs yet again on Wednesday, with Icahn first urging the company to sell 20 percent of its stake in PayPal Inc. in an initial public offering and eBay responding with a resounding "no."

In an open letter to eBay stockholders, Icahn — who owns a minority stake in eBay —  took a calmer approach to what has recently become an increasingly nasty battle between the billionaire activist investor and the California-based online auctioneer over eBay's direction and leadership. In his...
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