Goldman Working For eBay In Icahn Battle

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.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note