Carl Icahn's campaign to convince eBay Inc to spin off its PayPal payments service will intensify in the run-up to eBay's shareholders' meeting in May, eBay's chief executive said on Thursday, warning employees to ignore the "noise." EBay CEO John Donahoe and directors of the Internet retailer have traded barbs with Icahn on a near-daily basis since the activist investor first expressed his view that spinning off PayPal would create shareholder value.EBay has said that the fast-growing payments service works best when integrated with the company's core retail business."The noise is going to get louder over the next four to six to eight weeks," Donahue said in a video addressed to employees. "Don't pay attention to the noise. Stay focused, and don't be distracted."The thing to keep in mind is that we have more insight around our own company than anyone on the outside can," he said. "It's easy to say when you're sitting on the outside, 'Oh, simplistically separate, and we'll do some short-term financial maneuvering to drive the share price up.'"
eBay Inc., is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI. Shares of EBAY fell by 2.45% or $-1.42/share to $56.56. In the past year, the shares have traded as low as $48.06 and as high as $59.70. On average, 14095700 shares of EBAY exchange hands on a given day and today's volume is recorded at 7076588.
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