EBay drops after settling Icahn proxy fight over PayPal - EBay - TopicsExpress

EBay drops after settling Icahn proxy fight over PayPal - EBay Inc. (NASDAQ:EBAY), owner of the biggest Internet marketplace, were down in afternoon trading after reaching a deal with billionaire activist investor Carl Icahn to end his proxy fight. The shares dropped 3.5 percent at $53.95 at 3:36 p.m. in New York. Icahn and eBay had been in an acrimonious tussle over PayPal, eBays quickly growing mobile payment arm. Icahn, who owns about 2 per cent of eBays shares,... ow.ly/2FyjQ5

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