Thursday, 23 February 2017
Last updated 1 hour ago
Jan 28 2014 | 1:11am 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.