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Icahn exits eBay stake, opts for PayPal after spinoff

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014.

Billionaire activist investor Carl Icahn swapped his entire equity stake in eBay Inc (EBAY.O) for the same number of shares in PayPal Holdings Inc in the third quarter, regulatory filings showed on Monday.

The filings with the Securities and Exchange Commission showed that Icahn sold his stake of 46.3 million shares in eBay and reported the same number of shares in PayPal (PYPL.O), which completed its spinoff from...


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