Icahn Advocates For A Partial PayPal Sale

After weeks of back-and-forth with eBay Inc.’s board, investor Carl Icahn has changed tactics in his bid to separate PayPal from its retailer parent.

In a posting on his website, Icahn advocated for selling a 20 percent share of the payments company to the public, while maintains the remaining share under board control.

“A 20% IPO of PayPal could allow for all of the benefits of an independent PayPal, preserves all of the benefits of keeping PayPal in-house and could be structured so as to be tax free to shareholders, Icahn wrote.

eBay’s board has maintained through out that both companies are stronger together.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.