EBay 4Q earnings up, Icahn proposes PayPal split

Published January 23, 2014 12:32am ET



NEW YORK (AP) — EBay said Wednesday that its earnings and revenue grew in the last three months of 2013, driven by a strong holiday season for its e-commerce site and its fast-growing payments business, PayPal.

The company also said activist investor Carl Icahn is seeking a non-binding shareholder resolution to spin off PayPal. EBay said the billionaire investor has nominated two of his employees to the company’s board and now owns a stake of 0.82 percent in the San Jose, Calif.-based company.

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