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.”


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