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

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.