Silver Lake Opposes Icahn On eBay

Mar 3 2014 | 11:39am ET

When it comes to technology companies, Silver Lake Partners simply does not see eye-to-eye with Carl Icahn.

Egon Durban, managing partner at the private-equity firm, rejected Icahn's argument that online marketplace eBay Inc. should spin-off its PayPal unit, and dismissed the veteran investors' allegation that two prominent eBay board members have conflicts of interest.

The comments come five months after Silver Lake won approval of its $24.8 billion buyout of Dell Inc., a deal vociferously contested by Icahn for months. Silver Lake also partnered with Netscape Communications founder Marc Andreessen to buy 70% of Skype from eBay five years ago, a transaction that Icahn has called into question.

Durban called Icahn's criticism of Andreessen "surreal."

"To have Marc on your board is truly incredible," he said. "He is in a lot of ways the uber technology Renaissance man."

Durban had little more patience for Icahn's push to separate PayPal, saying the payments unit is "lucky to be part of eBay."


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of