Icahn, eBay Battle Escalates

Feb 27 2014 | 1:51pm ET

Carl Icahn and eBay Inc. continued to trade barbs, with the investor calling what he called the online marketplace’s bluff, and eBay calling Icahn a liar.

“eBay has challenged us to focus on honest, accurate debate,” Icahn, who owns 2.15% of eBay, wrote. “We do not believe eBay is serious about this.”

Icahn said CNBC has offered itself up as a “public forum” for the debate, but said, “we doubt eBay will accept its own challenge.”

Icahn has called on eBay to spin-off its PayPal unit, and this week attacked two of the company’s best-known directors for alleged conflicts of interest.

“We believe corporate governance at eBay is dysfunctional,” Icahn wrote. “Let’s end this charade.”

For its part, eBay said Icahn was “dead wrong” and “doesn’t let the trust get in the way of a good story.”


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...