Goldman Working For eBay In Icahn Battle

Jan 28 2014 | 2:11am ET

Online marketplace eBay Inc. has enlisted Goldman Sachs to help it fend off an attack from Carl Icahn.

The activist investor last week called on eBay to spin off its online payments business, PayPal. eBay quickly rejected the proposal, leading Icahn to nominate director candidates and threaten a proxy battle.

To help deal with the threat, eBay has turned to Goldman, a long-time adviser, Bloomberg News reports. It is the second company to engage Goldman for such a task; the investment bank is also working with Apple to handle Icahn's approaches.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...

 

From the current issue of