Icahn calls for PayPal spinoff; eBay rebuffs overture - eBay Inc. - TopicsExpress

Icahn calls for PayPal spinoff; eBay rebuffs overture - eBay Inc. (NASDAQ:EBAY), the operator of the worlds largest online-shopping site, rose in premarket trade after activist investor Carl Icahn proposed spinning off the companys PayPal unit. eBay gained 1.7 percent to $55.35 at 8:27 a.m. in New York. Icahn has called for eBay to spin off its steadily growing PayPal business into a separate company, the San Jose, California-based company said in its quarterly earn... ow.ly/2DbYGX

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