An eBay sign is seen at an office building in San Jose, California, in this file photo taken May 28, 2014. E-commerce company eEbay Inc on Wednesday announced an agreement with activist investor Carl Icahn that will give investors a greater say in its PayPal payments unit once it is spun off and said it exploring a sale or public offering of its enterprise unit.
Credit: /Beck Diefenbach/Files (UNITED STATES - Tags: BUSINESS)
- Billionaire activist Carl Icahn slightly boosted his exposure to eBay Inc by roughly $25 million in the fourth quarter, according to a regulatory filing on Tuesday.
Icahn added about 446,000 shares in the quarter, about a 1 percent increase in his overall position, nearly 46 million shares. His stake in the Internet commerce company is worth $2.6 billion.
A year ago, Icahn pushed eBay to separate its fast-growing PayPal payments unit. The company rejected him at the time but in September announced it would spin off PayPal after all. Last month, Icahn signed a settlement with the company to give him a board representation.
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