Business

Could a merger follow the PayPal-eBay split?

By Mae Anderson
Published October 1, 2014 4:02am ET
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Could a merger follow the PayPal-eBay split?
FILE - In this Wednesday, Feb. 27, 2013, file photo, attendees walk in front of an EBay and PayPal display area at the Mobile World Congress, the world's largest mobile phone trade show, in Barcelona, Spain. PayPal is splitting from EBay Inc. and will become a separate and publicly traded company during the second half of 2015. (AP Photo/Manu Fernandez, File) | Manu Fernandez

NEW YORK (AP) — PayPal’s split from long-time partner eBay Inc. makes Carl Icahn mighty happy. But he doesn’t think PayPal should stay single for long.

Icahn, who months ago called on eBay to spin off the lucrative online and mobile payment service, continues to believe that the payments field must be consolidated, either by PayPal buying up smaller rivals or by merging with another major player.

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