New York: Billionaire activist Carl Icahn slightly boosted his exposure to eBay Inc by roughly $25 million in the fourth quarter, according to a regulatory filing on Tuesday.
Icahn added about 446,000 shares in the quarter, about a 1 percent increase in his overall position, nearly 46 million shares. His stake in the Internet commerce company is worth $2.6 billion.
A year ago, Icahn pushed eBay to separate its fast-growing PayPal payments unit. The company rejected him at the time but in September announced it would spin off PayPal after all. Last month, Icahn signed a settlement with the company to give him a board representation. ahn added 446,000 eBay shares in fourth quarter
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
