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Icahn Keeps Hold of PayPal as He Sells Out of Former Parent EBay

Icahn Associates Corp., the fund run by billionaire activist investor Carl Icahn, sold its remaining EBay Inc. stake at the same time as it reported a 3.8 percent holding in the Internet auction company’s spun off payments unit PayPal Holdings Inc.

The New York-based fund in the third quarter bought about 1.36 million shares of insurer American International Group Inc. and...


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