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EBay Stock Pops on PayPal Spin-Off Talk - So Why Is Carl Icahn Silent?
Reports surfaced yesterday (Thursday) that eBay Inc. (Nasdaq: EBAY) has been telling candidates for the job of PayPal chief executive that the company was mulling a spin-off of the payments business pushed eBay stock up nearly 4.7%.
That's just what Carl Icahn wanted when he launched a futile but nasty campaign in January to force eBay CEO John Donahoe to spin off the PayPal unit. Yet he's been curiously silent on the matter since the report surfaced.
The famed activist investor is keeping quiet for a reason...
Reports surfaced yesterday (Thursday) that eBay Inc. (Nasdaq: EBAY) has been telling candidates for the job of PayPal chief executive that the company was mulling a spin-off of the payments business pushed eBay stock up nearly 4.7%.
That's just what Carl Icahn wanted when he launched a futile but nasty campaign in January to force eBay CEO John Donahoe to spin off the PayPal unit. Yet he's been curiously silent on the matter since the report surfaced.
The famed activist investor is keeping quiet for a reason...