Nine months after a push from noted activist investor Carl Icahn, eBay announced plans Tuesday to separate into two independent, publicly traded companies.
PayPal, which generates almost half of the San Jose-based online auction and retailing giant’s revenues, will be spun off from eBay by 2015. Though Icahn demanded the split earlier this year, The New York Times reports that eBay’s decision was not a reaction to outside pressure.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
